Mappletree Ind Trust Stock Code ME8U.SGX
Outlook
Price broke above the cloud and reached a high at $2.66 on 27 June 2022. During a price correction, price was supported by the Conversion line. Conversion line and Base line remained in a bullish crossover, hinting at a bullish price trend. Lagging Span is above price of 26 days ago but is inside the cloud. 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 $2.72, in the next 2-3 weeks.
Strategy
$2.62 Buy
$2.72 Price Target
$2.55 Risk Management Stop
3 weeks Trade Duration
