CFD Trading – Buy Creative (C76.SGX) @ $1.62. Stop @ $1.45 and Target @ $1.90.

Creative Stock Code C76.SGX

Outlook

Price, after reaching a high of $ 2.00 on 5 January 2023, went into a correction. The correction managed to stay above the cloud, keeping the bullish price trend intact. 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 price trend.  MACD is bullish, with both lines above the zero line and is hinting at a bullish price trend. We think price is likely to move up to the previous price resistance at $2.00 in the next 2-3 weeks.

Strategy                  

$1.62                 Buy

$1.90                 Price Target

$1.45                 Risk Management Stop

3 weeks              Trade Duration


CFD Trading – Buy Creative (C76.SGX) @ $2.40. Stop @ $2.28 and Target @ $2.65.

Creative Stock Code C76.SGX

Outlook

Price reached a high of $2.88 on 25 November and has been in a correction. During the price correction, price was supported by a previous low support and managed to stay above the cloud, keeping the uptrend intact. The lagging span is above price of 26 days ago but is inside the cloud. The MACD indicator remains bullish and is hinting at a bullish price trend. We are expecting price to be supported above the cloud and a rally to $2.65 in the next 2-3 weeks.

Strategy                  

$2.40                 Buy

$2.65                 Price Target

$2.28                  Risk Management Stop

3 weeks              Trade Duration

CFD Trading – Venture & Creative

Venture Stock Code V03.SGX

Outlook
Price rose to a recent high just three days ago at $16.44 on 8 June 2020. This was followed by three of correction bringing price down to $15.48. This is back to a series of previous price highs for this stock, which is now acting as supports to halt the price decline. Conversion and Base lines had a bullish crossover, confirming the bullish trend. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish trend. MACD is bullish and turning up and both its lines are above the zero line. We expected price to move higher to the next price high resistance at $16.73

Strategy
$15.25 Buy
$16.70 Price Target
$14.70 Risk Management Stop
3 weeks Trade Duration

Creative Stock Code C76.SGX

Outlook
Price gapped higher following a corporate announcement rising to a high of $3.95. For the past two days, price had been declining. Price dropped to a low of $2.88 yesterday. This is near to a gap that was created when price gapped up to a recent high. If price can stay above this gap, there is a good chance it will test the high of $3.95 again. Conversion and Base lines had a bullish crossover earlier, confirming the bullish trend. Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish trend. MACD is bullish and pointing up and both its lines are above the zero line.

Strategy
$2.83 Buy
$3.93 Price Target
$2.33 Risk Management Stop
4 weeks Trade Duration