CFD Trading – Buy Yanlord Land (Z25.SGX) @ $1.27. Stop @ $1.21 and Target @ $1.37.

YANLORD LAND Stock Code Z25.SGX

Outlook
Price reached a high of $1.37 on 4 May 2021 and has been in a corrective decline since that high. The correction has managed to stay above the cloud, keeping the uptrend intact. The pullback has found good support at $1.23. This is also the Fibonacci 38% correction point of the rally from $1.03 to the high at $1.37. Lagging Span is above price of 26 days ago as well as above the cloud, confirming the bullish trend. MACD remains bullish and is hinting of a price rally ahead with a possible bullish crossover. If price can stay above $1.23, we are expecting price to test the previous high of $1.37 again.

Strategy                  
$1.27                 Buy
$1.37                 Price Target
$1.21                 Risk Management Stop
3 weeks           Trade Duration

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