CFD Trading – Buy BRC Asia (BEC.SGX) @ $1.83. Stop @ $1.76 and Target @ $1.98.

BRC Asia Stock Code BEC.SGX


Price broke above a flag consolidation pattern which is hinting at a price rally ahead. Conversion and Base lines had a bullish crossover and is hinting at a bullish price trend. Lagging Span is just above price of 26 days ago and is above the cloud, confirming the bullish price trend.  MACD is bullish, with both lines above the zero line. MACD is hinting at a bullish price trend. We think price is likely to move higher to the flag chart pattern price target at $1.98 in the next 2-3 weeks.


$1.83                 Buy

$1.98                 Price Target

$1.76                 Risk Management Stop

3 weeks              Trade Duration

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