ST Engineering Stock Code S63.SGX
After reaching a high of $4.19 on 29 March 2022, price went into a correction. The price correction has come into the Fibonacci 38% correction point as well as a previous price support. The correction has also stayed above the cloud, keeping the bullish trend intact. Conversion line and Base line remain in 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 be move higher to $4.19, which is also the previous price high, in the next 2-3 weeks.
$4.19 Price Target
$3.99 Risk Management Stop
3 weeks Trade Duration