CFD Trading – Buy Hong Fok (H30.SGX) @ $0.95. Stop @ $0.89 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 moved above the correction high in the previous trading session, 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 has a bullish crossover. MACD is hinting at a bullish price trend. As long as price stays above $0.90, 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.


$0.95                Buy

$1.06                 Price Target

$0.89               Risk Management Stop

3 weeks           Trade Duration

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