Tag: CityDev

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

Nicholas

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 – Sell CityDev (C09.SGX) @ $7.78. Stop @ $7.95 and Target @ $7.55.

Nicholas

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

CFD Trading – Short Sell CityDev (C09.SGX) at $6.90. Stop at $7.10 and Target at $6.60.

Nicholas

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