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.
$7.76 Price Target
$7.16 Risk Management Stop
3 weeks Trade Duration