FRASERS CPT TR Stock Code J69U.SGX
Outlook
Price has formed a price high at S$2.42. It formed a lower high after being capped by its middle Bollinger band, aka the 20MA. MACD has turned bearish and is falling. We could see price forming a lower low and continuing to move lower.
Strategy
S$2.31 Sell
S$2.12 Price Target
S$2.39 Risk Management Stop
3 weeks Trade Duration
FRASERS CPT TR Stock Code J69U.SGX
Outlook
Price is trading far above the cloud, keeping the strong bullish price trend intact. Conversion and base lines are rising, hinting at more upside ahead. MACD is strong and bullish. We could see price retracing to its conversion line support for its next rally.
Strategy
S$2.31 Buy
S$2.45 Price Target
S$2.27 Risk Management Stop
3 weeks Trade Duration
FRASERS CPT TR Stock Code J69U.SGX
Outlook
Price rebounded from the cloud support, keeping the uptrend intact. 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$2.20 Buy
S$2.44 Price Target
S$2.15 Risk Management Stop
3 weeks Trade Duration
FRASERS CPT TR Stock Code J69U.SGX
Outlook
Price could have formed a possible bottom at S$2.01, which is the resistance-turned-support zone. A bullish engulfing candlestick pattern was formed yesterday, hinting at possible reversal ahead. The RSI is giving potential divergence warning. These could increase chances of the stock price rebounding to move higher.
Strategy
$2.05 Buy
$2.14 Price Target
$2.00 Risk Management Stop
3 weeks Trade Duration
