SGX Stock Code S68.SGX
Outlook
Price broke below a recent low, creating an Ichimoku inverted V-shaped reversal below the cloud. Conversion and Base lines had a bearish crossover earlier, hinting at a bearish price trend. Lagging Span is below price of 26 days ago and below the cloud, confirming the bearish price trend. MACD is bearish with its both lines below the zero line. A bearish MACD crossover is also hinting at a price decline. We think price is likely to move lower to the Ichimoku V-shaped price projection at $9.05 in the next 2-3 weeks.
Strategy
$9.40 Sell
$9.05 Price Target
$9.52 Risk Management Stop
3 weeks Trade Duration
