CFD Trading – Buy Frencken (E28.SGX) @ $0.99. Stop @ $0.89 and Target @ $1.20.

Frencken Stock Code E28.SGX


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.


$0.99                 Buy

$1.20                 Price Target

$0.89                 Risk Management Stop

3 weeks              Trade Duration

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