CFD Trading – Buy ST ENGINEERING (S63.SGX) @ S$4.04. Stop @ S$3.94 and Target @ S$4.29.

ST ENGINEERING  Stock Code S63.SGX

Outlook

The chart outlook is bullish as price is trading above the cloud. Conversion and base lines remain in a bullish crossover that hints at potential upside ahead. MACD is strong and bullish. We are likely to see price continuing to move higher after a minor correction.

Strategy

S$4.04          Buy

S$4.29          Price Target

S$3.94          Risk Management Stop

3 weeks      Trade Duration

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