CFD Trading – Buy Jiutian Chemical (C8R.SGX) @ $0.065. Stop @ $0.062 and Target @ $0.072.

JIUTIAN CHEMICAL   Stock Code C8R.SGX

Outlook

Price rebounded after being supported by the middle Bollinger band, which is also the 20-day moving average, coinciding with the Fibonacci 50% correction point. The RSI is rising above its neutral level, hinting at potential upside ahead. These could increase chances of the stock price moving higher.

Strategy

$0.065                Buy

$0.072                Price Target

$0.062                Risk Management Stop

3 weeks             Trade Duration

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