CFD Trading – Buy City Dev (C09.SGX) @ $8.35. Stop @ $8.21 and Target @ $8.57.

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


CFD Trading – Buy CITYDEV (C09.SGX) @ $8.00. Stop @ $7.83 and Target @ $8.58.

CITYDEV Stock Code C09.SGX

Outlook

Price reached a high of $8.58 on 17 August 2022 and has been on a decline since that high. The decline is likely to be supported by the base line and the cloud. Conversion and Base lines remained in a bullish crossover, hinting at a bullish price trend. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish trend. MACD’s lines are high above the zero line and are hinting at a bullish price trend. We think price is likely to move higher to the previous price resistance at $8.58 in the next 2-3 weeks.

Strategy 

$8.00                 Buy

$8.58                 Price Target

$7.83                 Risk Management Stop

3 weeks              Trade Duration

CFD Trading – Buy CITYDEV (C09.SGX) @ $8.20. Stop @ $7.99 and Target @ $8.65.

CITYDEV Stock Code C09.SGX

Outlook

Price broke above the cloud in the previous trading session, changing the chart outlook to bullish trend. Price also broke above an Ichimoku V-shaped reversal, with a price projection target at $8.85. Conversion and Base lines had a bullish crossover, hinting at a bullish price trend. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish trend. MACD has a bullish crossover and is hinting at a bullish price trend. We think price is likely to move higher to the previous price resistance at $8.67 in the next 2-3 weeks.

 Strategy

$8.20                 Buy

$8.65                 Price Target

$7.99                 Risk Management Stop

3 weeks              Trade Duration

CFD Trading – Buy CityDev (C09.SGX) @ $8.05. Stop @ $7.97 and Target @ $8.40

City Dev Stock Code C09.SGX

Outlook

After reaching a high at $8.66 on 28 April 2022, a price correction followed. The price correction was supported by the cloud, keeping the bullish trend intact. Conversion and Base lines remain above the cloud. Lagging Span is below price of 26 days ago and is above the cloud. MACD is bullish with both its lines above the zero line. If price can stay above the cloud, we are likely to see a rally to the previous high at $8.40 in the next 2-3 weeks.

Strategy                  

$8.05                  Buy

$8.40                Price Target

$7.97                 Risk Management Stop

3 weeks              Trade Duration

CFD Trading – Buy City Dev (C09.SGX) @ $8.30. Stop @ $8.70 and Target @ $8.05

City Dev Stock Code C09.SGX

Outlook

After reaching a high at $8.67, a price correction followed. The price correction was supported by the by a thick cloud, which prevented price from turning bearish. Conversion line and Base line had a bullish crossover, hinting at a bullish price trend. Lagging Span is below price of 26 days ago but is above the cloud. MACD remains above the zero line and is hinting at a bullish price trend. If price stays above the cloud, the bullish price trend is likely to send price higher to $8.70, which is also the previous price high, in the next 2-3 weeks.

Strategy                  

$8.30                 Buy

$8.70                 Price Target

$8.05                 Risk Management Stop

3 weeks              Trade Duration