CFD Trading – Buy SIA (C6L.SGX) @ S$6.69. Stop @ S$6.56 and Target @ S$7.24.

SIA  Stock Code C6L.SGX

Outlook

Price has formed a base low at S$6.20. It is currently sitting at the middle Bollinger band support, which is also the20-day moving average. MACD remains bullish with both of its lines above the zero line. These could increase chances of the stock price rebounding to move higher.

Strategy

S$6.69          Buy

S$7.24          Price Target

S$6.56          Risk Management Stop

3 weeks      Trade Duration

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.