CFD Trading – Sell FRASERS CPT TR (J69U.SGX) @ S$2.31. Stop @ S$2.39 and Target @ S$2.12.

FRASERS CPT TR Stock Code J69U.SGX

Outlook

Price has formed a price high at S$2.42. It formed a lower high after being capped by its middle Bollinger band, aka the 20MA. MACD has turned bearish and is falling. We could see price forming a lower low and continuing to move lower.

Strategy

S$2.31          Sell

S$2.12        Price Target

S$2.39          Risk Management Stop

3 weeks        Trade Duration

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