CFD Trading – Buy DELFI (P34.SGX) @ $1.22. Stop @ $1.15 and Target @ $1.34.

DELFI Stock Code P34.SGX

Outlook

Price rebounded after touching its previous low support zone for a third occasion. A bullish engulfing was seen yesterday. Stochastic is at the oversold region and there is a bullish Stochastic crossover that hints at potential upside ahead. These could increase chances of the stock price moving higher.

Strategy

$1.22          Buy

$1.34         Price Target

$1.15          Risk Management Stop

3 weeks      Trade Duration

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