CFD Trading – Buy BRC Asia (BEC.SGX) @ $1.57. Stop @ $1.52 and Target @ $1.66.

BRC Asia Stock Code BEC.SGX

Outlook

After reaching a high of $1.62 on 10 February, price has been moving lower in a correction. The price correction was halted by the cloud. Conversion and Base lines have a bullish crossover, hinting at a bullish price trend. MACD just had a bullish crossover, hinting at a bullish price trend ahead. If price can stay below the cloud, we are likely to see a rally to the Ichimoku N price projection target at $1.66 in the next 1-2 weeks.

Strategy

$1.57                 Buy

$1.66                 Price Target

$1.52                 Risk Management Stop

2 weeks Trade Duration

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