Wing Tai Stock Code W05.SGX
Outlook
After reaching a high of $1.97 on 8 November 2021, a price correction was supported by the upper edge of the cloud, keeping the uptrend intact. Conversion line is supporting price as well, keeping the bullish trend intact. Lagging Span is below price of 26 days ago but is above the cloud. MACD is about to have a bullish crossover which is a hint of a bullish price trend. We are expecting price to be supported by the cloud and a rally to follow to the next resistance level at $1.95 in the next 2-3 weeks
Strategy
$1.86 Buy
$1.95 Price Target
$1.81 Risk Management Stop
3 weeks Trade Duration
