City Dev Stock Code C09.SGX
Outlook
After reaching a high of $7.38 on 18 February 2022, a price correction was supported by the Base line on two separate days. Price also managed to stay above the cloud during the correction. Conversion and Base lines remain in a bullish crossover, hinting at a bullish trend. Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish trend. MACD is bullish with both its lines above the zero line. We are likely to see a rally to the previous high at $7.47 in the next 2-3 weeks.
Strategy
$7.17 Buy
$7.47 Price Target
$6.97 Risk Management Stop
3 weeks Trade Duration
