CFD Trading – Buy HONG FOK (H30.SGX) @ $1.09. Stop @ $1.04 and Target @ $1.18

Hong Fok Stock Code H30.SGX


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.


$1.09                 Buy

$1.18                 Price Target

$1.04                 Risk Management Stop

3 weeks              Trade Duration

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