Hong Fok Stock Code H30.SGX
Outlook
Price reached a high of $1.18 on 15 August and went into a price decline. The price correction was supported by the base line and managed to stay above the cloud, keeping the uptrend intact. Conversion line and Base line remained in a bullish crossover and is hinting at 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 can stay above the base line and the cloud, it is likely to be heading towards the previous high at $1.18.
Strategy
$1.09 Buy
$1.18 Price Target
$1.04 Risk Management Stop
3 weeks Trade Duration
