CFD Trading – Sell ST Eng (S63.SGX) @ $3.94. Stop @ $4.01 and Target @ $3.75

ST Eng Stock Code S63.SGX


Price broke and closed below the cloud in the previous trading session, changing the chart outlook to bearish after a 3-month rally. Conversion line and Base line remain in a bearish crossover, hinting at a bearish price trend. Lagging Span is above price of 26 days ago but is inside the cloud. MACD is bearish and is hinting at a bearish price trend. As long as price stays below the cloud, price is likely to test the previous price support low at $3.75, in the next 2-3 weeks.


$3.94                 Sell

$3.75                 Price Target

$4.01                 Risk Management Stop

3 weeks              Trade Duration

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