CFD Trading – Buy Hong Fok (H30.SGX) @ $0.915. Stop @ $0.855 and Target @ $1.06.

Hong Fok Stock Code H30.SGX


The recent price correction was supported by the cloud, which prevented price from turning bearish. Price has started to move higher, hinting that the correction could be over. 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 $1.06, which is also the previous price high, in the next 2-3 weeks.


$0.915                Buy

$1.06                 Price Target

$0.855               Risk Management Stop

3 weeks             Trade Duration

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