CFD Trading – Buy Singtel (Z74.SGX) @ $2.52. Stop @ $2.44 and Target @ $2.65.

Singtel Stock Code Z74.SGX

Outlook

Price broke above the cloud in the previous trading session, changing the chart outlook to bullish. Conversion line and base line remain in a bullish crossover and is hinting at a bullish price trend ahead. Lagging Span is above price of 26 days ago but is below the cloud at the moment.  MACD is bullish and is hinting at a bullish price trend. If price is able to stay above the cloud, it could be heading towards the previous resistance high at $2.65.

Strategy                  

$2.52                 Buy

$2.65                 Price Target

$2.44                 Risk Management Stop

3 weeks              Trade Duration

Leave a Reply

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