CFD Trading – Buy SGX (S68.SGX) @ $9.73. Stop @ $9.61 and Target @ $9.93.

SGX Stock Code S68.SGX


Price tested the cloud and was able to hold above the cloud, keeping the bullish trend intact. This morning, we saw price gaping away from the cloud. This could be a hint at the end of the price correction. It could mean another rally to test the previous high at 9.93. Conversion and Base lines had a bullish crossover, hinting of a bullish price trend. Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish trend. MACD is bullish with both lines above the zero line. We think price is likely to move higher to the previous price high at $9.93 in the next 2-3 weeks.


$9.73                 Buy

$9.93                 Price Target

$9.61                 Risk Management Stop

3 weeks              Trade Duration

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