CFD Trading – Buy UMS (558.SGX) @ $1.19. Stop @ $1.12 and Target @ $1.31.

UMS Stock Code 558.SGX


Price broke above the cloud 3 days ago, changing the chart outlook to bullish. This morning, price broke above a recent high, creating an Ichimoku reversal with a V-shaped price projection target at $1.31. Conversion line and Base line had a bullish crossover and is hinting of a bullish price trend ahead. Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish price trend. MACD is bullish and is hinting at a bullish price trend. If price is able to stay above the Ichimoku breakout, it could be heading towards the price target at $1.31 in the next 2-3 weeks.


$1.19                 Buy

$1.31                 Price Target

$1.12                 Risk Management Stop

3 weeks              Trade Duration

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.