Category: CFD Equities
CFD Trading – Buy HONG FOK (H30.SGX) @ $0.850. Stop @ $0.815 and Target @ $0.960.
HONG FOK Stock Code H30.SGX
Outlook
Price has been moving higher after reaching a bottom at S$0.805. There is potential divergence warning given from the RSI that hints at possible reversal. The RSI is rising above its neutral level. These could increase chances of the stock price moving higher.
Strategy
$0.850 Buy
$0.960 Price Target
$0.815 Risk Management Stop
3 weeks Trade Duration
CFD Trading – Buy FRENCKEN (E28.SGX) @ $1.08. Stop @ $1.02 and Target @ $1.26.
FRENCKEN Stock Code E28.SGX
Outlook
Price rebounded after being supported by the cloud, keeping the uptrend intact. A bullish conversion and base lines crossover could be likely in the coming session. MACD remains bullish and there is a bullish crossover. These could increase chances of the stock price moving higher.
Strategy
$1.08 Buy
$1.26 Price Target
$1.02 Risk Management Stop
3 weeks Trade Duration
CFD Trading – Buy FRASERS CPT TR (J69U.SGX) @ $2.05. Stop @ $2.00 and Target @ $2.14.
FRASERS CPT TR Stock Code J69U.SGX
Outlook
Price could have formed a possible bottom at S$2.01, which is the resistance-turned-support zone. A bullish engulfing candlestick pattern was formed yesterday, hinting at possible reversal ahead. The RSI is giving potential divergence warning. These could increase chances of the stock price rebounding to move higher.
Strategy
$2.05 Buy
$2.14 Price Target
$2.00 Risk Management Stop
3 weeks Trade Duration
