CFD Trading – Buy THEHOURGLASS (AGS.SGX) @ $1.46. Stop @ $1.39 and Target @ $1.55.

The Hour Glass Stock Code AGS.SGX

Outlook

Price reached a high of $1.55 on 30 June 2021 and has been on a decline since that breakout. However, the decline has managed to stay above the cloud, keeping the uptrend intact. The pullback found support at the upper edge of the thick cloud. The thick cloud is a hint of a strong support. Conversion and Base lines 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 is about to have a bullish crossover soon. This is a hint of a price rally ahead. If price can stay above the cloud, we are expecting price to test the previous high of $1.55 again.

Strategy                  

$1.46                 Buy

$1.55                 Price Target

$1.39                 Risk Management Stop

3 weeks            Trade Duration

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