CFD Trading – Buy HONG FOK (H30.SGX) @ $1.09. Stop @ $1.04 and Target @ $1.18

Hong Fok Stock Code H30.SGX

Outlook

Price reached a high of $1.18 on 15 August and went into a price decline. The price correction was supported by the base line and managed to stay above the cloud, keeping the uptrend intact. Conversion line and Base line remained in a bullish crossover and is hinting at a bullish price trend ahead. Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish price trend.  MACD is bullish and is hinting at a bullish price trend. If price is can stay above the base line and the cloud, it is likely to be heading towards the previous high at $1.18.

Strategy                  

$1.09                 Buy

$1.18                 Price Target

$1.04                 Risk Management Stop

3 weeks              Trade Duration

CFD Trading – Buy HONG FOK (H30.SGX) @ $1.02. Stop @ $0.925 and Target @ $1.18

HONG FOK Stock Code H30.SGX

Outlook

Price reached a high of $1.18 on 15 August 2022 and has been on a decline since that high. The decline is likely to be supported by the base line. Conversion and base line remained in a bullish crossover, hinging at a bullish price trend. Lagging Span is above price of 26 days ago and is above the cloud, hinting at a bullish price trend. MACD lines are high above the zero line and are hinting at a bullish price trend.  . If price is able to stay above the cloud, it could be heading towards the previous high at $1.18 in the next 2-3 weeks.

Strategy                  

$1.02                 Buy

$1.18                 Price Target

$0.925             Risk Management Stop

3 weeks            Trade Duration

CFD Trading – Buy HONG FOK (H30.SGX) @ $0.985. Stop @ $0.935 and Target @ $1.06.

HONG FOK Stock Code H30.SGX

Outlook

During a recent price correction, the lower edge of the cloud managed to keep price above the cloud and the uptrend intact. Two trading sessions ago, price broke above the cloud, hinting at a resumption of the uptrend. Lagging Span is above price of 26 days ago and is above the cloud, hinting at a bullish price trend. MACD is bullish and is turning up from 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 high at $1.06 in the next 1-2 weeks.

Strategy                  

$0.985                Buy

$1.06                 Price Target

$0.935                Risk Management Stop

3 weeks              Trade Duration

CFD Trading – Buy Hong Fok (H30.SGX) @ $0.95. Stop @ $0.89 and Target @ $1.06.

Hong Fok Stock Code H30.SGX

Outlook

The recent price correction was supported by the cloud, which prevented price from turning bearish. Price moved above the correction high in the previous trading session, hinting that the correction could be over. Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish price trend. MACD remains above the zero line and has a bullish crossover. MACD is hinting at a bullish price trend. As long as price stays above $0.90, the bullish price trend is likely to send price higher to $1.06, which is also the previous price high, in the next 2-3 weeks.

Strategy                  

$0.95                Buy

$1.06                 Price Target

$0.89               Risk Management Stop

3 weeks           Trade Duration

CFD Trading – Buy Hong Fok (H30.SGX) @ $0.915. Stop @ $0.855 and Target @ $1.06.

Hong Fok Stock Code H30.SGX

Outlook

The recent price correction was supported by the cloud, which prevented price from turning bearish. Price has started to move higher, hinting that the correction could be over. Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish price trend. MACD remains above the zero line and is hinting at a bullish price trend. As long as price stays above the cloud, the bullish price trend is likely to send price higher to $1.06, which is also the previous price high, in the next 2-3 weeks.

Strategy                  

$0.915                Buy

$1.06                 Price Target

$0.855               Risk Management Stop

3 weeks             Trade Duration