JIUTIAN CHEMICAL Stock Code C8R.SGX
Outlook
Price could have formed a possible low at S$0.05, which fell into its previous low support zone. It appears to rebound from the Fibonacci 62% correction point, hinting at the resuming of the upward movement. MACD is moving higher towards the zero line after having a bullish crossover. We are likely to see price continuing to move higher.
Strategy
$0.057 Buy
$0.050 Price Target
$0.060 Risk Management Stop
3 weeks Trade Duration
