CFD Trading – Buy CITYDEV (C09.SGX) @ $6.70. Stop @ $6.50 and Target @ $7.10.

CITYDEV Stock Code C09.SGX

Outlook

Price rebounded after forming a base low at S$6.55. It moved and closed above the middle Bollinger band, which is also the 20-day moving average. The RSI is rising above its neutral level, hinting at potential upside ahead. These could increase chances of the stock price moving higher.

Strategy

$6.70          Buy

$7.10         Price Target

$6.50          Risk Management Stop

3 weeks      Trade Duration

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