OUE Stock Code LJ3.SGX
Outlook
Price broke above the cloud three days ago with a strong candlestick and this could be a sign of a reversal in trend from bearish to bullish. Price has moved higher above the cloud since the breakout, confirming the bullish trend. Conversion and Base lines had a bullish crossover, confirming the bullish trend. Lagging Span is above price of 26 days ago but is inside the cloud. MACD is bullish with both its lines above the zero line. Both of MACD’s lines are moving higher and away from the zero line which is a hint of a bullish price trend. We are expecting price to move up to the previous high at $1.61 in the next 2-3 weeks.
Strategy
$1.38 Buy
$1.59 Price Target
$1.29 Risk Management Stop
3 weeks Trade Duration
