CFD Trading – Sell ParkwayLife Reit (C2PU.SGX) @ $3.86. Stop @ $4.01 and Target @ $3.66.

ParkwayLife Reit Stock Code C2PU.SGX

Outlook

Price closed below the cloud in the previous trading session, changing the chart outlook to bearish.  Conversion and Base lines had a bearish crossover and is hinting at a bearish price trend. Lagging Span is below price of 26 days ago but is inside the cloud. MACD turning bearish, with both lines moving below the zero line, hinting at a bearish price trend. We think price is likely to move lower to the previous price support at $3.66 in the next 2-3 weeks.

Strategy                  

$3.86                 Sell

$3.66                 Price Target

$4.01                 Risk Management Stop

3 weeks              Trade Duration


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