CFD Trading – Buy City Dev (C09.SGX) @ $7.36. Stop @ $7.16 and Target @ $7.76

City Development Stock Code C09.SGX


Price broke above the cloud 5 days ago and in the previous trading session, price broke above an Ichimoku reversal. The Ichimoku reversal has a V-shaped price target at $7.74 which is close resistance point at $7.76. Conversion and Base lines had a bullish crossover earlier, hinting of a bullish price trend. Lagging Span is above price of 26 days ago as well as above the cloud, confirming the bullish trend. MACD has bullish crossover and is hinting of a bullish price trend. We are expecting price to move higher to $7.76 in the next 2-3 weeks.


$7.36                 Buy

$7.76                 Price Target

$7.16                  Risk Management Stop

3 weeks              Trade Duration

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