Samudera Shipping Stock Code S56.SGX
Outlook
Price broke above the cloud in the previous trading session, 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 bullish and is hinting at a bullish price trend. As long as price stays above the cloud, we think price could be heading to the previous high at $1.20 in the next 2-3 weeks.
Strategy
$1.01 Buy
$1.20 Price Target
$0.950 Risk Management Stop
3 weeks Trade Duration
