HONG FOK Stock Code H30.SGX
Outlook
The uptrend remains intact as price is trading above the cloud. Conversion and base lines remain in a bullish crossover. The lagging span is above the cloud but is below the price. MACD remains bullish with both of its lines above the zero line. These could increase chances of the stock price moving higher.
Strategy
$1.04 Buy
$1.15 Price Target
$1.00 Risk Management Stop
3 weeks Trade Duration
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
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
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
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
