Tag: CFD SG Trading Note

CFD Trading – Sell ParkwayLife Reit (C2PU.SGX) @ $3.86. Stop @ $4.01 and Target @ $3.66.

Nicholas

ParkwayLife Reit Stock Code C2PU.SGX

Outlook

Price closed below the cloud in the previous trading session, changing the chart outlook to bearish.  Conversion and Base lines had a bearish crossover and is hinting at a bearish price trend. Lagging Span is below price of 26 days ago but is inside the cloud. MACD turning bearish, with both lines moving below the zero line, hinting at a bearish price trend. We think price is likely to move lower to the previous price support at $3.66 in the next 2-3 weeks.

Strategy                  

$3.86                 Sell

$3.66                 Price Target

$4.01                 Risk Management Stop

3 weeks              Trade Duration


CFD Trading – Buy Top Glove (BVA.SGX) @ $0.280. Stop @ $0.235 and Target @ $0.360.

Nicholas

Top Glove Stock Code BVA.SGX

Outlook

Price had moved above the cloud in the two previous trading sessions, changing the chart outlook to bullish. Conversion line and Base line had a bullish crossover and is hinting at a bullish price trend. Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish price trend. MACD is hinting at a bullish price trend. If price is able to stay above the cloud, it could be heading towards the previous resistance high at $0.360.

Strategy                  

$0.280                Buy

$0.360                Price Target

$0.235                Risk Management Stop

3 weeks              Trade Duration


CFD Trading – Sell YZJ Shipbldg SGD (BS6.SGX) @ $1.23. Stop @ $1.31 and Target @ $1.11.

Nicholas

YZJ Shipbldg SGD Stock Code BS6.SGX

Outlook

Price closed below the cloud in the past three previous trading sessions, changing the chart outlook to bearish.  Conversion and base lines had a bearish crossover, hinting at a bearish price trend. Lagging Span is below price of 26 days ago and below the cloud, confirming the bearish price trend. MACD is turning down below the zero line and is hinting at a bearish price trend. We think price is likely to move lower to the previous price support at $1.11 in the next 2-3 weeks.

Strategy                  

$1.23                 Sell

$1.11                 Price Target

$1.31                 Risk Management Stop

3 weeks            Trade Duration


CFD Trading – Buy Wilmar (F34.SGX) @ $4.08. Stop @ $3.98 and Target @ $4.24.

Nicholas

Wilmar Stock Code F34.SGX

Outlook

Price closed at the edge of the cloud and at the point of the Ichimoku V-shaped reversal in the previous trading session. A move above this point would change the chart outlook to bullish. Conversion line and Base line had a bullish crossover and is hinting at a bullish price trend. Lagging Span is above price of 26 days ago but is inside the cloud. MACD is below the zero line but could be moving above the zero line soon. If price is able to move above the cloud, it could be heading towards the previous resistance high at $4.24 in the next 2-3 weeks.

Strategy                  

$4.08                 Buy

$4.24                 Price Target

$3.98                 Risk Management Stop

3 weeks              Trade Duration


CFD Trading – Sell ST Engineering (S63.SGX) @ $3.50. Stop @ $3.61 and Target @ $3.31.

Nicholas

ST Engineering Stock Code S63.SGX

Outlook

Price has been capped below the conversion line for the past 3 trading sessions, keeping the bearish trend intact.  Conversion and base lines had a bearish crossover, hinting at a bearish price trend. Lagging Span is below price of 26 days ago but is above the cloud. MACD is bearish with both lines above the zero line. MACD is hinting at a bearish price trend. We think price is likely to move lower to the previous price support at $3.31 in the next 2-3 weeks.

Strategy                  

$3.50                 Sell

$3.31                 Price Target

$3.61                 Risk Management Stop

3 weeks            Trade Duration