Singapore Exchange Stock Code S68.SGX
After breaking above the cloud, the price was able to stay above the cloud as well as the previous breakout’s high point. This has kept the bullish trend intact. Price also broke above an Ichimoku V-shaped reversal, which has a price projection target at $9.99. Conversion and Base lines had a bullish crossover earlier, hinting at a bullish trend. The Lagging Span is above price of 26 days ago and is inside the cloud. MACD is bullish with both its lines above the zero line. We are expecting price to be supported by the cloud and a rally to follow to the next resistance level at $10.32, which is the lower edge of a gap, in the next 2-3 weeks.
$10.32 Price Target
$9.29 Risk Management Stop
3 weeks Trade Duration