CFD Trading – Buy Raffles Medical (BSL.SGX) @ $1.46. Stop @ $1.39 and Target @ $1.56

Raffles Medical Stock Code BSL.SGX

Outlook

Price broke above an Ichimoku V-shaped breakout with a V-shaped price projection target at $1.56. Conversion and Base lines had a bullish crossover, hinting of a bullish trend. Lagging Span is above price of 26 days ago as well as above the cloud, confirming the bullish trend. MACD is bullish with both its lines above the zero line. MACD has bullish crossover and is hinting of a bullish price trend. Going by the V price projection, we are expecting a price rally that will bring price to the $1.56 target price.

Strategy                  

$1.46                 Buy

$1.56                 Price Target

$1.39                 Risk Management Stop

3 weeks              Trade Duration

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.