CFD Trading – Buy ISDN (I07.SGX) @ $0.700. Stop @ $0.655 and Target @ $0.800

ISDN Stock Code I07.SGX

Outlook

After reaching a high of $0.785, a price correction is sending price towards the support provided by the Conversion and Base lines. The price is also supported by the upper edge of the cloud, keeping the bullish trend intact. Conversion and Base lines had a bullish crossover earlier, hinting at a bullish price trend. Lagging Span is above price of 26 days ago but is inside the cloud. MACD is bullish and is hinting at a bullish price trend. We are expecting price to be supported by the Conversion and Base lines. We are expecting a rally to bring price to the previous high at $0.800 in the next 2-3 weeks.

Strategy                  

$0.700                Buy

$0.800                Price Target

$0.655                Risk Management Stop

3 weeks              Trade Duration

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