Tag: Frasers CPT
CFD Trading – Buy Frasers CPT TR at $2.34. Stop at $2.22 and Target at $2.62
Frasers CPT Trust Stock Code J69U.SGX
Outlook
Price broke above the cloud on the 29 May and reached a high of $2.63 on 8 June 2020. Following that high, price has been declining and during the correction, price dropped to a low at $1.410, but managed to stay above the cloud. Price is supported at the edge of the cloud, keeping the bullish trend intact. Conversion line and Base had a bearish crossover. Lagging Span is above price of 26 periods ago and also above the cloud, hinting of a bullish trend. MACD is bullish and consolidating above the zero line and its fast line could be about to turn up from the zero line, hinting of a price rally ahead. MACD could also see a bullish crossover.
Strategy
$2.34 Buy
$2.62 Price Target
$2.22 Risk Management Stop
3 weeks Trade Duration
CFD Trading – Frasers CPT Reit & Keppel DC Reit
Frasers CPT Trust Stock Code J69U.SGX
Outlook
Price was unable to break above a price resistance at $2.16 on its second attempt and price has declined to $1.95.. Price is currently at the lower edge of the cloud. The price and cloud relationship is showing a bearish trend. The cloud is also getting thicker which means that price is going to find it harder to pass through. Price is currently in between Conversion and Base lines which is inconclusive. Lagging Span is above price of 26 days ago but is still far below the cloud at the moment. MACD is bearish at the moment with both its lines looking like there will experience a bearish crossover in the near future.
Strategy
$1.98 Short Sell
$1.78 Price Target
$2.12 Risk Management Stop
3 weeks Trade Duration
Keppel DC REIT Stock Code AJBU.SGX
Outlook
Price has a corrective decline recently as price, despite the decline is still above the cloud. The cloud is also getting thicker, meaning that it would be harder for price trend to change into a bearish trend with a thicker cloud providing more support. Price also moved above the Conversion but is currently below the Base line. Lagging Span is above price of 26 days ago but is still currently inside the cloud. MACD is bullish with both its lines above the zero line. MACD is moving higher and is turning up around the zero line, hinting of more price upsides ahead.
Strategy
$2.30 Buy
$2.53 Price Target
$2.13 Risk Management Stop
3 weeks Trade Duration
