PROPNEX Stock Code OYY.SGX
Outlook
Price is trading above the cloud, keeping the uptrend intact. Conversion and base lines remain in a bullish crossover and the base line is acting as support at the moment. MACD is bullish and is far above the zero line, suggesting the bullish uptrend. These could increase chances of the stock price moving higher.
Strategy
$0.885 Buy
$0.970 Price Target
$0.850 Risk Management Stop
3 weeks Trade Duration
PropNex Stock Code OYY.SGX
Outlook
Price, after reaching a high at $1.70 on 5 December 2022, went into a correction. The correction was supported above the cloud, keeping the bullish price trend intact. Conversion line and Base line has a bullish crossover and is hinting at a bullish price trend ahead. Lagging Span is below price of 26 days ago but is above the cloud at the moment. MACD is above the zero line and is hinting at a bullish price trend. If price is able to stay above the cloud, it could be heading towards the previous resistance high at $1.70 in the next 2-3 weeks.
Strategy
$1.57 Buy
$1.70 Price Target
$1.49 Risk Management Stop
3 weeks Trade Duration
PropNex Stock Code OYY.SGX
Outlook
Price broke above the Ichimoku V-shaped structure in the previous trading session, with a price projection target at $2.06. Conversion line and Base line had a bullish crossover, hinting at a bullish price trend. Lagging Span is above price of 26 days ago and 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 Ichimoku breakout, we are likely to see price moving higher to $2.06, in the next 1-2 weeks.
Strategy
$1.87 Buy
$1.99 Price Target
$ 1.76 Risk Management Stop
2 weeks Trade Duration
PropNex Stock Code OYY.SGX
Outlook
Price reached a high of $2.21 on 15 July 2021 and a subsequent price decline managed to find support on two occasions at the Base line. This correction has managed to stay above the cloud as well, keeping the uptrend intact. Conversion and Base lines remain bullish. Lagging Span is above price of 26 days ago as well as above the cloud, confirming the bullish trend. MACD remains bullish and is hinting of a price rally ahead. If price can stay above the base line support at $1.85, we are expecting price to test $2.21 again.
Strategy
$1.86 Buy
$2.20 Price Target
$1.77 Risk Management Stop
3 weeks Trade Duration
