CFD Trading – Buy Aztech Global (8AZ.SGX) @ $0.820. Stop @ $0.780 and Target @ $0.890.

Aztech Global Stock Code 8AZ.SGX

Outlook

Price after reaching a high at $0.890 on 2 February went into a decline. The decline was halted by the upper edge of the cloud, keeping the uptrend intact. We think the correction could be over.  Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish price trend. MACD is bullish, with both its 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 $0.890 in the next 2-3 weeks.

Strategy                  

$0.820                Buy

$0.890                Price Target

$0.780                Risk Management Stop

3 weeks              Trade Duration


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