Category: CFD Equities

CFD Trading –Sell IBM Corporation. (IBM.NYS) @ $125.90. Stop @ $129.30 and Target @ $119.90.

Nicholas

Outlook

Price closed below the cloud in the previous trading session, changing the chart outlook to bearish. Conversion line and Base line remain in a bullish crossover . Lagging Span is above price of 26 days ago but is below the cloud at the moment.  MACD is hinting at a bearish price trend. If price is unable to move above the cloud, it could be heading towards the support at $119.90 in the next 2-3 weeks.

Strategy                  

$125.90               Sell

$119.90               Price Target

$129.30              Risk Management Stop

3 weeks              Trade Duration

CFD Trading – Buy Jiutian Chemical (C8R.SGX) @ $0.065. Stop @ $0.062 and Target @ $0.072.

Shueh Ting Wong

JIUTIAN CHEMICAL   Stock Code C8R.SGX

Outlook

Price rebounded after being supported by the middle Bollinger band, which is also the 20-day moving average, coinciding with the Fibonacci 50% correction point. The RSI is rising above its neutral level, hinting at potential upside ahead. These could increase chances of the stock price moving higher.

Strategy

$0.065                Buy

$0.072                Price Target

$0.062                Risk Management Stop

3 weeks             Trade Duration

CFD Trading – Buy Hong Fok (H30.SGX) @ $1.04. Stop @ $1.00 and Target @ $1.15.

Shueh Ting Wong

HONG FOK   Stock Code H30.SGX

Outlook

The uptrend remains intact as price is trading above the cloud. Conversion and base lines remain in a bullish crossover. The lagging span is above the cloud but is below the price. MACD remains bullish with both of its lines above the zero line. These could increase chances of the stock price moving higher.

Strategy                     

$1.04                 Buy

$1.15                 Price Target

$1.00                 Risk Management Stop

3 weeks              Trade Duration

CFD Trading – Buy Hongkongland USD (H78.SGX) @ US$4.54. Stop @ US$4.38 and Target @ US$4.90.

Shueh Ting Wong

HONGKONGLAND USD  Stock Code H78.SGX

Outlook

Price broke and closed above the cloud, turning the chart outlook to bullish. It broke out from a triangle consolidation pattern as well, hinting at more upside ahead. Both conversion and base lines are turning up. The MACD remains bullish and is moving higher. We are likely to see price continuing its upward momentum to move higher.

Strategy                  

US$4.54                Buy

US$4.90                Price Target

US$4.38                Risk Management Stop

2 weeks             Trade Duration

CFD Trading – Sell Keppel Corp (BN4.SGX) @ $6.42. Stop @ $6.60 and Target @ $5.60.

Shueh Ting Wong

KEPPEL CORP  Stock Code BN4.SGX

Outlook

The price has reached a price high at S$6.55 two days ago. This could be a possible price top as the MACD histogram is giving potential divergence warning that hints at a possible reversal. We are likely to see a price correction to the base line support at S$5.98. Once the base line support is violated, a further decline to S$5.60 could be expected.

Strategy                  

$6.42                Sell

$5.60                Price Target

$6.60                Risk Management Stop

2 weeks            Trade Duration