CITYDEV Stock Code C09.SGX
Outlook
Price reached a high of $8.58 on 17 August 2022 and has been on a decline since that high. The decline is likely to be supported by the base line and the cloud. Conversion and Base lines remained in 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’s lines are high above the zero line and are hinting at a bullish price trend. We think price is likely to move higher to the previous price resistance at $8.58 in the next 2-3 weeks.
Strategy
$8.00 Buy
$8.58 Price Target
$7.83 Risk Management Stop
3 weeks Trade Duration
