FRENCKEN Stock Code E28.SGX
Outlook
Price rebounded after being supported by the cloud, keeping the uptrend intact. A bullish conversion and base lines crossover could be likely in the coming session. MACD remains bullish and there is a bullish crossover. These could increase chances of the stock price moving higher.
Strategy
$1.08 Buy
$1.26 Price Target
$1.02 Risk Management Stop
3 weeks Trade Duration
Frencken Stock Code E28.SGX
Outlook
Price, after reaching a high at 1.20 on 28 November 2022, went into a correction. The correction was supported above the upper edge of the cloud, keeping the bullish price trend intact. Conversion line and Base line remain in a bullish crossover and is hinting at a bullish price trend ahead. Lagging Span is above price of 26 days ago but is below the cloud at the moment. MACD is above the zero line and is hinting at a bullish price trend. If price is able to stay above the cloud, it could be heading towards the previous resistance high at $1.20.
Strategy
$0.980 Buy
$1.20 Price Target
$0.910 Risk Management Stop
3 weeks Trade Duration
Frencken Stock Code E28.SGX
Outlook
Price, after reaching a high at 1.20 on 28 November 2022, went into a correction. The correction was supported above the cloud, keeping the bullish price trend intact. Conversion line and Base line remain in a bullish crossover and is hinting at a bullish price trend ahead. Lagging Span is above price of 26 days ago but is below the cloud at the moment. MACD is above the zero line hinting at a bullish price trend. If price is able to stay above the cloud, it could be heading towards the previous resistance high at $1.20 in the next 2-3 weeks.
Strategy
$0.99 Buy
$1.20 Price Target
$0.89 Risk Management Stop
3 weeks Trade Duration
Outlook
Price broke above the recent high in the previous trading session and has stayed above the cloud since that breakout in middle of March 2021. Conversion and Base had a bullish crossover earlier, hinting 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. We think price is likely to head higher to the Ichimoku V-shaped price target at $1.94
Strategy
$1.83 Buy
$1.94 Price Target
$1.75 Risk Management Stop
2 weeks Trade Duration
Frencken Stock Code E28.SGX
Outlook
Price reached a high of $1.63 on three separate occasions but was unable to move above this resistance high. The pullback has moved below a support line which also triggered a Ichimoku V-shaped price breakout with a price target of $1.40. Conversion and Base lines are about to crossover. Lagging Span is below price of 26 days ago but is above the cloud. MACD remains bullish but is moving lower, hinting of a possible price correction in the process. We are expecting this price correction to bring price to $1.40.
Strategy
$1.50 Sell
$1.41 Price Target
$1.55 Risk Management Stop
2 weeks Trade Duration
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