CFD Trading – Sell HONGKONGLAND USD (H78.SGX) @ US$3.27. Stop @ US$3.40 and Target @ US$2.95.

HONGKONGLAND USD  Stock Code H78.SGX

Outlook

The chart outlook is bearish as price is trading below the cloud. It was capped by the cloud resistance. A bearish conversion and base lines crossover could be likely in the coming session. MACD is bearish and is turning down. These could increase chances of the stock price moving lower.

Strategy

US$3.27           Sell

US$2.95         Price Target

US$3.40          Risk Management Stop

3 weeks        Trade Duration

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