CFD Trading – Buy HONG LEONG ASIA (H22.SGX) @ $0.990. Stop @ $0.945 and Target @ $1.08.


After reaching a high of $1.04, price has been on a corrective decline and reached a low of $0.940. During the correction price has stayed above the cloud keeping the uptrend intact. The pullback found good support inside the cloud and may have formed a bottom at $0.940. Conversion and Base could be about to have a bullish crossover. Lagging Span is above price of 26 days ago as well as above the cloud, confirming the bullish trend. MACD remains bullish and has a bullish crossover. MACD is hinting of a price rally ahead. If price can stay above $0.940, we are expecting price to test $1.08.

$0.990                Buy
$1.08                 Price Target
$0.945                Risk Management Stop
2 weeks              Trade Duration

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