CFD Trading – Buy The Hour Glass (AGS.SGX) @ $1.38. Stop @ $1.27 and Target @ $1.59.

The Hour Glass Stock Code AGS.SGX

Outlook

Price reached a high of $1.60 on 30 June 2021 and has been on a decline since that day. However, the decline has stayed above the cloud, keeping the uptrend intact. The pullback touched a low of $1.37 which was also the previous high turned support line. 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. If price can stay above $1.27, we are expecting price to test the previous high of $1.60 again in the next 2-3 weeks.

Strategy                  

$1.38                 Buy

$1.59                 Price Target

$1.27                 Risk Management Stop

3 weeks              Trade Duration

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