ST Eng Stock Code S63.SGX
Outlook
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.
Strategy
$3.94 Sell
$3.75 Price Target
$4.01 Risk Management Stop
3 weeks Trade Duration
