Frencken Stock Code E28.SGX
Outlook
Price, after reaching a high at 1.20 on 28 November 2022, went into a correction. The correction was supported above the cloud, keeping the bullish price trend intact. Conversion line and Base line remain in a bullish crossover and is hinting at a bullish price trend ahead. Lagging Span is above price of 26 days ago but is below the cloud at the moment. MACD is above the zero line hinting at a bullish price trend. If price is able to stay above the cloud, it could be heading towards the previous resistance high at $1.20 in the next 2-3 weeks.
Strategy
$0.99 Buy
$1.20 Price Target
$0.89 Risk Management Stop
3 weeks Trade Duration
