ST Engineering Stock Code S63.SGX
Outlook
Price broke above the cloud five days ago but has hovered just above the cloud for the next few days. In the previous trading session, there was strong white candlestick, which could be a sign that price could be about to move higher. Conversion and Base lines had a bullish crossover, hinting at a bullish trend. Lagging Span is above price of 26 days ago but is at the cloud. MACD is bullish with both its lines above the zero line. The MACD indicator is moving higher, hinting at a bullish price trend. We see a rally to the previous high at $3.98 in the next 1-2 weeks.
Strategy
$3.85 Buy
$3.98 Price Target
$3.78 Risk Management Stop
2 weeks Trade Duration
