CFD Trading – Buy FRASERS CPT TR (J69U.SGX) @ $2.30. Stop @ $2.20 and Target @ $2.43.

FRASERS CPT TR   Stock Code J69U.SGX

Outlook

Price hit its previous low support of S$2.22 for the second occasion on 12 Jan 2022, forming a potential Double Bottom chart pattern. There is a divergence warning given from the MACD that hints of a possible price low. A bullish MACD crossover is likely, suggesting potential upside ahead. These could increase chances of the stock price moving higher towards its previous resistance point.

Strategy

$2.30               Buy

$2.43               Price Target

$2.20               Risk Management Stop

2 weeks Trade Duration

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