CFD Trading – Buy Genting Sing (G13.SGX) @ $0.795. Stop @ $0.765 and Target @ $0.845.

Genting Sing Stock Code G13.SGX

Outlook

Price broke above the cloud on 17 March and in the previous trading session, price pushed above the previous high at $0.795. Conversion line and Base line have a bullish crossover, hinting at a bullish price trend. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish price trend.  MACD remains above the zero line and is hinting at a bullish price trend. We think price is likely to break above the previous high and move higher to the Ichimoku V-shaped price projection target at $0.845, in the next 1-2 weeks.

Strategy                  

$0.795                Buy

$0.845                Price Target

$0.765                Risk Management Stop

2 weeks              Trade Duration

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