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
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
CityDev Stock Code C09.SGX
Outlook
Price broke and closed below the cloud in the previous trading session, changing the chart trend to bearish. Conversion and Base lines had a bearish crossover, hinting at a bearish trend. Lagging Span is below price of 26 days ago but is inside the cloud. MACD has moved below the zero line and is hinting at a bearish price trend. If price stays below the cloud, we are likely to see a decline to the previous low at $7.55 in the next 2-3 weeks.
Strategy
$7.78 Sell
$7.55 Price Target
$7.95 Risk Management Stop
3 weeks Trade Duration
CityDev Stock Code C09.SGX
Outlook
Price moved below the cloud three days ago but in the previous trading session, a strong black candlestick hinted at a strong bearish price trend. Conversion and Base lines had a bearish crossover earlier, hinting at a bearish trend. Lagging Span is below price of 26 days ago but is inside the cloud. MACD is bearish with both its lines below the zero line. We are expecting price to decline to the next support level at $6.57 in the next 2-3 weeks.
Strategy
$6.90 Short Sell
$6.60 Price Target
$7.10 Risk Management Stop
3 weeks Trade Duration
