JMH Stock Code J36.SGX
Outlook
Price broke above a V-shaped Ichimoku structure, hinting at a price rally to the Ichimoku price projection target at $63.05. Conversion and Base lines remain in a bullish crossover, hinting at a bullish trend. Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish trend. MACD is bullish with both its lines above the zero line. If price stays above the breakout point, we are likely to see a rally to the Ichimoku price projection target at $63.05 in the next 2-3 weeks.
Strategy
$58.50 Buy
$63.00 Price Target
$56.40 Risk Management Stop
3 weeks Trade Duration
