CFD Trading – Buy Hong Fok (H30.SGX) @ $1.04. Stop @ $1.00 and Target @ $1.15.

HONG FOK   Stock Code H30.SGX

Outlook

The uptrend remains intact as price is trading above the cloud. Conversion and base lines remain in a bullish crossover. The lagging span is above the cloud but is below the price. MACD remains bullish with both of its lines above the zero line. These could increase chances of the stock price moving higher.

Strategy                     

$1.04                 Buy

$1.15                 Price Target

$1.00                 Risk Management Stop

3 weeks              Trade Duration

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