CFD Trading – Sell ST Engineering (S63.SGX) @ $3.50. Stop @ $3.61 and Target @ $3.31.

ST Engineering Stock Code S63.SGX


Price has been capped below the conversion line for the past 3 trading sessions, keeping the bearish trend intact.  Conversion and base lines had a bearish crossover, hinting at a bearish price trend. Lagging Span is below price of 26 days ago but is above the cloud. MACD is bearish with both lines above the zero line. MACD is hinting at a bearish price trend. We think price is likely to move lower to the previous price support at $3.31 in the next 2-3 weeks.


$3.50                 Sell

$3.31                 Price Target

$3.61                 Risk Management Stop

3 weeks            Trade Duration

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