CFD Trading – Buy Riverstone (AP4.SGX) @ $0.990. Stop @ $0.920 and Target @ $1.13.

Riverstone Stock Code AP4.SGX

Outlook

After reaching a high of $1.13 on 18 March 2022, price went into a correction. The correction managed to stay above the cloud and was support by the Conversion line and Base line. 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. We think price is likely to move higher to $1.13, in the next 2-3 weeks.

Strategy                  

$0.990             Buy

$1.13                 Price Target

$0.920             Risk Management Stop

3 weeks           Trade Duration

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