Man Oriental USD Stock Code M04.SGX
Outlook
Price reached a high of $1.97 overnight and has been correcting lower this morning. We think price is likely to be supported above the gap at $1.86. Conversion and Base lines had a bullish crossover earlier, and is hinting at a bullish price trend. Lagging Span is above price of 26 days ago but is below the cloud. MACD is bullish with both its lines above the zero line. MACD is hinting at a bullish price trend. We think price is likely to move higher to the previous price resistance at $2.05 in the next 2-3 weeks.
Strategy
$1.88 Buy
$2.05 Price Target
$1.79 Risk Management Stop
3 weeks Trade Duration
