CFD Trading – Buy Frencken (E28.SGX) @ $1.83. Stop @ $1.75 and Target @ $1.94.

Frencken Stock Code E28.SGX

Outlook
Price broke above the recent high in the previous trading session and has stayed above the cloud since that breakout in middle of March 2021. Conversion and Base had a bullish crossover earlier, hinting of the bullish trend. 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. We think price is likely to head higher to the Ichimoku V-shaped price target at $1.94

Strategy                  
$1.83                 Buy
$1.94                 Price Target
$1.75                 Risk Management Stop
2 weeks            Trade Duration

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