ST Engineering Stock Code S63.SGX
Outlook
Price broke above a V-shaped Ichimoku structure the in the previous trading session, hinting at a bullish price trend to the target price at $3.74 Conversion and Base lines had a bullish crossover and is hinting at a bullish price trend. Lagging Span is 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 previous price resistance at $3.77 or the Ichimoku target at $3.74 in the next 2-3 weeks.
Strategy
$3.61 Buy
$3.74 Price Target
$3.51 Risk Management Stop
3 weeks Trade Duration
