CITYDEV Stock Code C09.SGX
Outlook
Price broke above the cloud in the previous trading session, changing the chart outlook to bullish trend. Price also broke above an Ichimoku V-shaped reversal, with a price projection target at $8.85. Conversion and Base lines had a bullish crossover, hinting at a bullish price trend. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish trend. MACD has a bullish crossover and is hinting at a bullish price trend. We think price is likely to move higher to the previous price resistance at $8.67 in the next 2-3 weeks.
Strategy
$8.20 Buy
$8.65 Price Target
$7.99 Risk Management Stop
3 weeks Trade Duration
