CFD Trading – Buy City Dev (C09.SGX) @ $8.35. Stop @ $8.21 and Target @ $8.57.

City Dev Stock Code C09.SGX

Outlook

Price moved above cloud, changing the chart outlook to bullish.  Conversion and Base lines had a bullish crossover earlier, 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 and is hinting at a bullish price trend. We think price is likely to move higher to the previous price resistance at $8.57 in the next 2-3 weeks.

Strategy                  

$8.35                 Buy

$8.57                 Price Target

$8.21                 Risk Management Stop

3 weeks              Trade Duration


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.