SGX Stock Code S68.SGX
Outlook
Price is trading below the cloud, keeping the downtrend intact. Conversion and base lines remain in a bearish crossover. MACD remains bearish with both of its lines far below the zero line. Price appears to be capped by the cloud resistance, which is also the base line resistance. These could increase chances of the stock price continuing to move lower.
Strategy
S$9.37 Sell
S$8.50 Price Target
S$9.60 Risk Management Stop
3 weeks Trade Duration
