CITYDEV Stock Code C09.SGX
Outlook
The chart outlook is bullish as price is trading above the cloud. There is a bullish conversion and base lines crossover that hints at potential upside ahead. MACD is bullish and is rising. These could increase chances of the stock price moving higher.
Strategy
S$5.98 Buy
S$6.45 Price Target
S$5.88 Risk Management Stop
3 weeks Trade Duration
CITYDEV Stock Code C09.SGX
Outlook
Price is trading below the cloud, keeping the downtrend intact. There is a bearish conversion and base lines crossover that hints at potential downside ahead. MACD remains bearish and there is a bearish crossover. These could increase chances of the stock price moving lower.
Strategy
S$5.87 Sell
S$5.55 Price Target
S$6.05 Risk Management Stop
3 weeks Trade Duration
CITYDEV Stock Code C09.SGX
Outlook
Price is trading below the cloud, keeping the downtrend intact. Conversion and base lines remain in a bearish crossover. MACD remains bearish too and a bearish crossover is likely. These could increase chances of the stock price moving lower.
Strategy
S$5.92 Sell
S$5.57 Price Target
S$6.09 Risk Management Stop
3 weeks Trade Duration
CITYDEV Stock Code C09.SGX
Outlook
Price rebounded after forming a base low at S$6.55. It moved and closed above the middle Bollinger band, which is also the 20-day moving average. The RSI is rising above its neutral level, hinting at potential upside ahead. These could increase chances of the stock price moving higher.
Strategy
$6.70 Buy
$7.10 Price Target
$6.50 Risk Management Stop
3 weeks Trade Duration
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
