Tag: SGX

SGX Stock Code S68.SGX

Outlook

Price broke below a recent low, creating an Ichimoku inverted V-shaped reversal below the cloud. Conversion and Base lines had a bearish crossover earlier, hinting at a bearish price trend. Lagging Span is below price of 26 days ago and below the cloud, confirming the bearish price trend. MACD is bearish with its both lines below the zero line. A bearish MACD crossover is also hinting at a price decline. We think price is likely to move lower to the Ichimoku V-shaped price projection at $9.05 in the next 2-3 weeks.

Strategy                  

$9.40                 Sell

$9.05                 Price Target

$9.52                 Risk Management Stop

3 weeks              Trade Duration

SGX Stock Code S68.SGX

Outlook

Price tested the cloud and was able to hold above the cloud, keeping the bullish trend intact. This morning, we saw price gaping away from the cloud. This could be a hint at the end of the price correction. It could mean another rally to test the previous high at 9.93. Conversion and Base lines had a bullish crossover, hinting of a bullish price trend. Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish trend. MACD is bullish with both lines above the zero line. We think price is likely to move higher to the previous price high at $9.93 in the next 2-3 weeks.

Strategy                  

$9.73                 Buy

$9.93                 Price Target

$9.61                 Risk Management Stop

3 weeks              Trade Duration

SGX Stock Code S68.SGX

Outlook

During the recent price correction, the price was supported by the cloud, which prevented the chart outlook from turning bearish. Conversion line and Base line remain in a bearish crossover. Lagging Span is below price of 26 days ago but is above the cloud.  MACD remains below the zero line but a bullish crossover is hinting at a bullish price trend ahead.  As long as price stays above the cloud, the bullish price trend is likely to send price higher to $10.32 in the next 1-2 weeks.

Strategy                  

$9.60                 Buy

$10.30                Price Target

$9.25                 Risk Management Stop

2 weeks              Trade Duration

DAIRYFARM USD   Stock Code D01.SGX

Outlook

Price is having a price correction after reaching a high at US$3.05. The correction appears to halt at the Fibonacci 62% retracement point. A potential Bullish Harami reversal candlestick pattern was formed at this support level as well. MACD has been rising after having a bullish crossover. There is also a bullish Conversion and Base line crossover. We are likely to see price rebounding from this support level to move higher.

Strategy

$2.90               Buy

$3.18                Price Target

$2.74               Risk Management Stop

2 weeks Trade Duration

FRASERS CPT TR   Stock Code J69U.SGX

Outlook

Price hit its previous low support of S$2.22 for the second occasion on 12 Jan 2022, forming a potential Double Bottom chart pattern. There is a divergence warning given from the MACD that hints of a possible price low. A bullish MACD crossover is likely, suggesting potential upside ahead. These could increase chances of the stock price moving higher towards its previous resistance point.

Strategy

$2.30               Buy

$2.43               Price Target

$2.20               Risk Management Stop

2 weeks Trade Duration