CFD Trading – Short Sell CityDev (C09.SGX) at $6.90. Stop at $7.10 and Target at $6.60.

CityDev Stock Code C09.SGX


Price moved below the cloud three days ago but in the previous trading session, a strong black candlestick hinted at a strong bearish price trend. Conversion and Base lines had a bearish crossover earlier, hinting at a bearish trend. Lagging Span is below price of 26 days ago but is inside the cloud. MACD is bearish with both its lines below the zero line. We are expecting price to decline to the next support level at $6.57 in the next 2-3 weeks.


$6.90                 Short Sell

$6.60                 Price Target

$7.10                 Risk Management Stop

3 weeks Trade Duration

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