Geo Energy Res Stock Code RE4.SGX
Outlook
After reaching a high of $0.585 on 7 March 2022, a price correction followed. The price correction is supported by the cloud as well as the Base and Conversion lines. Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish price trend. MACD remains above the zero line and is hinting at a bullish price trend. As long as price stays above the cloud, the bullish price trend is likely to send price higher to $0.570 in the next 1-2 weeks.
Strategy
$0.505 Buy
$0.570 Price Target
$0.450 Risk Management Stop
2 weeks Trade Duration
