CFD Trading – Buy HONG FOK (H30.SGX) @ $0.985. Stop @ $0.935 and Target @ $1.06.

HONG FOK Stock Code H30.SGX

Outlook

During a recent price correction, the lower edge of the cloud managed to keep price above the cloud and the uptrend intact. Two trading sessions ago, price broke above the cloud, hinting at a resumption of the uptrend. Lagging Span is above price of 26 days ago and is above the cloud, hinting at a bullish price trend. MACD is bullish and is turning up from the zero line, hinting at a bullish price trend. If price is able to stay above the cloud, it could be heading towards the previous high at $1.06 in the next 1-2 weeks.

Strategy                  

$0.985                Buy

$1.06                 Price Target

$0.935                Risk Management Stop

3 weeks              Trade Duration

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