CFD Trading – Buy Genting Sing (G13.SGX) @ $0.785. Stop @ $0.755 and Target @ $0.835.

Genting Sing Stock Code G13.SGX

Outlook

Price is trying to break above the cloud at the moment. A break above the cloud could hint at a price move to $0.835. If a possible bullish Engulfing candlestick pattern is confirmed at today’s closing, it will add further evidence to the bullish trend. Lagging Span is below price of 26 days ago but is above the cloud at the moment.  MACD could be about to have a bullish crossover, hinting at a bullish price trend. If price is able to stay above the cloud, it could be heading towards the next resistance at $0.835.

Strategy                  

$0.785                Buy

$0.835                Price Target

$0.755                Risk Management Stop

3 weeks              Trade Duration

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