Chip Eng Seng Stock Code C29.SGX
Price broke above a recent high; creating an Ichimoku V-shaped reversal with a price projection target at $0.480. Conversion and base lines had 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 is bullish and is hinting at a bullish price trend. We are likely to see a rally to the Ichimoku price projection target of $0.480 in the next 1-2 weeks.
$0.480 Price Target
$0.435 Risk Management Stop
2 weeks Trade Duration