Tag: CSE Global

CFD Trading – Buy CSE Global (544.SGX) @ $0.550. Stop @ $0.520 and Target @ $0.605.

Nicholas

CSE Global Stock Code 544.SGX

Outlook
Price reached a high of $0.580 on 8 April 2021 and has been declining since that high. The pullback should find good support at the Conversion and Base lines which lies at $0.555. There is also a gap support zone form $0.555 to $0.540, which should be able to halt the price decline. Conversion and Base could be about to have a bullish crossover which is a hint of the bullish trend. Lagging Span is above price of 26 days ago as well as above the cloud, confirming the bullish trend. MACD remains bullish and is hinting of a price rally ahead. As long as price stays above the gap support at $0.540, we could see a rally to $0.605 which is the E price projection target.

Strategy                 
$0.550                Buy
$0.605                Price Target
$0.520                Risk Management Stop
3 weeks              Trade Duration

CFD Trading – Buy CSE Global (544.SGX) @ $0.480. Stop @ $0.445 and Target @ $0.530.

Nicholas

CSE Global Stock Code 544.SGX

Outlook
Price has been moving in an upward channel since the bottom 2 November 2020. Price has now moved above the cloud, enhancing the bullish trend. After touching the upper boundary at $0.530, there was a price correction which has brought price to a low of $0.475.  Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish trend. MACD remains bullish with both its lines above the zero line, which is a hint of a bullish price trend. We think the correction may be over and we are expecting price to advance to the support level at $0.530.

Strategy
$0.480                Buy
$0.530                Price Target
$0.445                Risk Management Stop
3 weeks Trade Duration

CFD Trading – Buy CSE Global (544.SGX) @ $0.485. Stop at $0.450 and Target at $0.545

Nicholas
CSE Global Stock Code 544.SGX

Outlook
Price reached a high of $0.530 on the 6 August 2020 and there has been a correction which brought price close to the upper edge of the cloud at the moment. The support at $0.48 is also strong as there have been previous resistances at this price level, which is now acting as a strong support. Conversion line and Base has not confirmed the bullish trend as yet. Lagging Span is below price of 26 periods ago but is currently above the cloud. Conversion, Base and Lagging Span are inconclusive at the moment. MACD is still bullish although both lines are close to the zero line. The faster line of the MACD indicator is also turning up, and if it crossover the slow line, we will have a bullish crossover and a hint of a bullish trend ahead.

Strategy                  
$0.485                Buy
$0.545                Price Target
$0.450                Risk Management Stop
3 weeks              Trade Duration

CFD Trading – Buy CSE Global @ $0.455. Stop at $0.410 and Target at $0.540

Nicholas

CSE Global Stock Code 544.SGX

Outlook
Price broke above the cloud on the 1 June and has stayed above the cloud since that breakout day. A price correction has managed to close above the cloud but its lower shadow did decline below the cloud, maintaining the bullish trend. On 8 July, price reached a high of $0.50 and during the corrective decline, price managed to stay above a bullish gap. Conversion line and Base had a bullish crossover. Lagging Span is above price of 26 periods ago and also above the cloud, hinting of a bullish trend. MACD is bullish with both its lines above the zero line. There could be a bullish MACD crossover if price managed to move higher. If price can stay above the Base line, we think there is a good chance price will test the upper end of the trend channel at $0.54.

Strategy
$0.455                 Buy
$0.540                Price Target
$0.410                Risk Management Stop
3 weeks Trade Duration

CFD Trading – CSE Global & Genting Singapore

Nicholas

Genting Singapore Stock Code G13.SGX

Outlook

Price gapped down on 28th of Jan 2020 and until today has yet to close the gap. The gap is from $0.90 down to $0.885. For the past few days, price was capped at the $0.89 high. As long as price failed to close this gap and move above $0.90, the trend for this stock is down. Price is also below the cloud which is a bearish trend. Conversion and Base lines have a bearish crossover confirming the bearish trend as well. Base line is at $0.895 and this is the current immediate resistance point. Lagging Span is below price of 26 periods ago and also below the cloud, again confirming the bearish trend. MACD may have a bullish crossover but MACD is still bearish. Both of MACD’s lines are below the zero line.  Both MACD lines are also far from the zero line, which is a hint of a strong bearish trend.

Strategy
$0.895                Short Sell
$0.845                Price Target
$0.920                Risk Management Stop
3 weeks              Trade Duration

CSE Global Stock Code 544.SGX

Outlook

Price closed above the cloud 2 days ago. Yesterday, the full price candle was above the cloud. This is a sign of a strong bullish trend. There is an immediate resistance at the moment at $0.58. If price is able to move above this resistance, the breakout would enhance the strength of the trend. The breakout also gives a price target of $0.670 based on the Ichimoku V price structure. Conversion and Base lines have a bullish crossover, which confirmed the bullish trend. MACD has just turned bullish with the slow line crossing over the zero line. Both lines of MACD’s are rising as well, which is a sign of a strong bullish trend.

Strategy
$0.560                Buy
$0.670                Price Target
$0.510                Risk Management Stop
3 weeks              Trade Duration