CFD Trading – Buy FRENCKEN (E28.SGX) @ S$1.27. Stop @ S$1.22 and Target @ S$1.38.

FRENCKEN Stock Code E28.SGX

Outlook

Price could have formed a possible bottom at S$1.12. There is potential divergence warning given from the RSI that hints at possible reversal ahead. The RSI is rising from the oversold zone. These could increase chances of the stock price moving higher.

Strategy

S$1.27         Buy

S$1.38          Price Target

S$1.22         Risk Management Stop

3 weeks      Trade Duration

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