CFD Trading – Buy City Dev (C09.SGX) @ $8.30. Stop @ $8.70 and Target @ $8.05

City Dev Stock Code C09.SGX


After reaching a high at $8.67, a price correction followed. The price correction was supported by the by a thick cloud, which prevented price from turning bearish. Conversion line and Base line had a bullish crossover, hinting at a bullish price trend. Lagging Span is below price of 26 days ago but is above the cloud. MACD remains above the zero line and is hinting at a bullish price trend. If price stays above the cloud, the bullish price trend is likely to send price higher to $8.70, which is also the previous price high, in the next 2-3 weeks.


$8.30                 Buy

$8.70                 Price Target

$8.05                 Risk Management Stop

3 weeks              Trade Duration

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