CFD Trading – Sell CityDev (C09.SGX) @ $7.78. Stop @ $7.95 and Target @ $7.55.

CityDev Stock Code C09.SGX


Price broke and closed below the cloud in the previous trading session, changing the chart trend to bearish. Conversion and Base lines had a bearish crossover, hinting at a bearish trend. Lagging Span is below price of 26 days ago but is inside the cloud. MACD has moved below the zero line and is hinting at a bearish price trend. If price stays below the cloud, we are likely to see a decline to the previous low at $7.55 in the next 2-3 weeks.


$7.78                 Sell

$7.55                 Price Target

$7.95                 Risk Management Stop

3 weeks Trade Duration

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