Raffles Medical Stock Code BSL.SGX
Price reached a high of $1.45 on 1 September and has been in a decline since that high. The recent decline was supported by the upper edge of the cloud, keeping the uptrend intact. The thick cloud is likely to keep price trend from turning bearish. Lagging Span is below price of 26 days ago but is above the cloud. MACD is bullish and is hinting at a bullish price trend. We think price is likely to be supported by the cloud and could be moving higher to the previous high at $1.41 in the next 2-3 weeks.
$1.41 Price Target
$1.25 Risk Management Stop
3 weeks Trade Duration