City Dev Stock Code C09.SGX
Outlook
Price moved above cloud, changing the chart outlook to bullish. Conversion and Base lines had a bullish crossover earlier, 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 bullish and is hinting at a bullish price trend. We think price is likely to move higher to the previous price resistance at $8.57 in the next 2-3 weeks.
Strategy
$8.35 Buy
$8.57 Price Target
$8.21 Risk Management Stop
3 weeks Trade Duration
