CFD Trading – Buy Frencken (E28.SGX) @ $0.980. Stop @ $0.910 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 upper edge of 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 and is 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.


$0.980                Buy

$1.20                 Price Target

$0.910                Risk Management Stop

3 weeks              Trade Duration

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