CFD Trading – Buy Creative (C76.SGX) @ $2.40. Stop @ $2.28 and Target @ $2.65.

Creative Stock Code C76.SGX

Outlook

Price reached a high of $2.88 on 25 November and has been in a correction. During the price correction, price was supported by a previous low support and managed to stay above the cloud, keeping the uptrend intact. The lagging span is above price of 26 days ago but is inside the cloud. The MACD indicator remains bullish and is hinting at a bullish price trend. We are expecting price to be supported above the cloud and a rally to $2.65 in the next 2-3 weeks.

Strategy                  

$2.40                 Buy

$2.65                 Price Target

$2.28                  Risk Management Stop

3 weeks              Trade Duration

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.