CFD Trading – Buy Tuan Sing (T24.SGX) @ $0.50. Stop @ $0.465 and Target @ $0.600

Tuan Sing Stock Code T24.SGX

Outlook

Price reached a high of $0.60 on 6 July 2021 and has been on a decline since that day. However, the decline has found support near to the Base line. There is also a gap support below at $0.480-0.500. Price has also stay above the cloud, keeping the uptrend intact. Conversion and Base lines had a bullish crossover earlier, confirming the bullish trend. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish trend. MACD remains bullish with both its lines high above the zero line, which is a hint of a strong bullish price trend. We are expecting price to find support at $0.500 and to move higher and test its previous high in the next 2-3 weeks.

Strategy

$0.500                Buy

$0.590                Price Target

$0.465                Risk Management Stop

3 weeks Trade Duration

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