CFD Trading – Buy Bumitama Agri (P8Z.SGX) @ $0.630. Stop @ $0.595 and Target @ $0.680.

Bumitama Agri Stock Code P8Z.SGX

Outlook

Price broke above the cloud, changing the chart outlook to bullish. Conversion line and Base line had a bullish crossover and is hinting at a bullish price trend ahead. Lagging Span is above price of 26 days ago but is inside the cloud at the moment.  MACD is moving above the zero line after a bullish crossover and is hinting at a bullish price trend. If price can stay above cloud, it could be heading towards the resistance at $0.68 in the next 2-3 weeks.

Strategy                  

$0.630                Buy

$0.680                Price Target

$0.595                Risk Management Stop

3 weeks              Trade Duration

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.