Bumitama Agri Stock Code P8Z.SGX
Outlook
After reaching a high of $0.80 on 7 March 2022, a price correction send price lower. The price correction was halted by the Base line and in the previous trading session, a bullish Engulfing candlestick is hinting at a price reversal ahead. 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. If price is able to stay above the Base line support, we are likely to see a rally to the previous high at $0.800 in the next 1-2 weeks.
Strategy
$0.730 Buy
$0.800 Price Target
$0.675 Risk Management Stop
2 weeks Trade Duration
