CFD Trading – Sell DFIRG USD (D01.SGX) @ US$1.86. Stop @ US$1.91 and Target @ US$1.64.

DFIRG USD  Stock Code D01.SGX

Outlook

Price is trading below the cloud, keeping the downtrend intact. The thick cloud is acting as strong resistance. There is a bearish conversion and base lines crossover. MACD remains bearish and is moving lower. These could increase chances of the stock price moving lower.

Strategy

US$1.86           Sell

US$1.64           Price Target

US$1.91           Risk Management Stop

3 weeks       Trade Duration

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