DFIRG USD Stock Code D01.SGX
Outlook
Price has been trading below its cloud, confirming the bearish price trend. It broke and closed below a triangle chart pattern yesterday, hinting at a possible acceleration of the downward movement. Conversion and base lines are heading lower, pointing at the downtrend as well. MACD is bearish and had a bearish crossover. We are likely to see price continuing to move lower.
Strategy
U$2.73 Sell
U$2.50 Price Target
U$2.85 Risk Management Stop
3 weeks Trade Duration
