DAIRYFARM USD Stock Code D01.SGX
Outlook
Price is having a price correction after reaching a high at US$3.05. The correction appears to halt at the Fibonacci 62% retracement point. A potential Bullish Harami reversal candlestick pattern was formed at this support level as well. MACD has been rising after having a bullish crossover. There is also a bullish Conversion and Base line crossover. We are likely to see price rebounding from this support level to move higher.
Strategy
$2.90 Buy
$3.18 Price Target
$2.74 Risk Management Stop
2 weeks Trade Duration
