RAFFLES MEDICAL Stock Code BSL.SGX
Outlook
Price could have formed a possible price low at S$0.995. It has moved and closed above the middle Bollinger band, aka the 20-day moving average. The RSI is rising above its neutral level. These could increase chances of the stock price continuing to move higher.
Strategy
$1.03 Buy
$1.15 Price Target
$0.98 Risk Management Stop
3 weeks Trade Duration
RAFFLES MEDICAL Stock Code BSL.SGX
Outlook
Price rebounded after being supported by its gap support zone that formed on 1 August 2023. It could be forming a potential morning doji star candlestick pattern, hinting at possible reversal ahead. The RSI is rising from the oversold region. These could increase chances of the stock price rebounding to move higher.
Strategy
$1.16 Buy
$1.26 Price Target
$1.12 Risk Management Stop
3 weeks Trade Duration
Raffles Medical Stock Code BSL.SGX
Outlook
After reaching a high at $1.52, price went into a correction. The correction is currently supported by the conversion line and is above the cloud, keeping the uptrend intact. Conversion and Base lines remain in a bullish crossover and is hinting at a bullish price trend. Lagging Span is above price of 26 days ago but is inside the cloud. MACD is bullish, with both 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 $1.52 in the next 2-3 weeks.
Strategy
$1.43 Buy
$1.52 Price Target
$1.38 Risk Management Stop
3 weeks Trade Duration
Raffles Medical Stock Code BSL.SGX
Outlook
Price reached a high of $1.45 on 1 September and has been in a decline since that high. The recent decline was supported by the upper edge of the cloud, keeping the uptrend intact. The thick cloud is likely to keep price trend from turning bearish. Lagging Span is below price of 26 days ago but is above the cloud. MACD is bullish and is hinting at a bullish price trend. We think price is likely to be supported by the cloud and could be moving higher to the previous high at $1.41 in the next 2-3 weeks.
Strategy
$1.30 Buy
$1.41 Price Target
$1.25 Risk Management Stop
3 weeks Trade Duration
Raffles Medical Stock Code BSL.SGX
Outlook
Price broke above an Ichimoku V-shaped breakout with a V-shaped price projection target at $1.56. Conversion and Base lines had a bullish crossover, hinting of a bullish trend. Lagging Span is above price of 26 days ago as well as above the cloud, confirming the bullish trend. MACD is bullish with both its lines above the zero line. MACD has bullish crossover and is hinting of a bullish price trend. Going by the V price projection, we are expecting a price rally that will bring price to the $1.56 target price.
Strategy
$1.46 Buy
$1.56 Price Target
$1.39 Risk Management Stop
3 weeks Trade Duration
