HONG FOK Stock Code H30.SGX
Outlook
Price reached a high of $1.18 on 15 August 2022 and has been on a decline since that high. The decline is likely to be supported by the base line. Conversion and base line remained in a bullish crossover, hinging at a bullish price trend. Lagging Span is above price of 26 days ago and is above the cloud, hinting at a bullish price trend. MACD lines are high above the zero line and are hinting at a bullish price trend. . If price is able to stay above the cloud, it could be heading towards the previous high at $1.18 in the next 2-3 weeks.
Strategy
$1.02 Buy
$1.18 Price Target
$0.925 Risk Management Stop
3 weeks Trade Duration
