Tag: SGX

Singapore Exchange Stock Code S68.SGX

Outlook

After breaking above the cloud, the price was able to stay above the cloud as well as the previous breakout’s high point. This has kept the bullish trend intact. Price also broke above an Ichimoku V-shaped reversal, which has a price projection target at $9.99. Conversion and Base lines had a bullish crossover earlier, hinting at a bullish trend. The Lagging Span is above price of 26 days ago and is inside the cloud.  MACD is bullish with both its lines above the zero line. We are expecting price to be supported by the cloud and a rally to follow to the next resistance level at $10.32, which is the lower edge of a gap, in the next 2-3 weeks.

Strategy

$9.60                 Buy

$10.32                Price Target

$9.29                 Risk Management Stop

3 weeks Trade Duration

Singapore Exchange Stock Code S68.SGX

Outlook

The price broke above the cloud in the previous trading session, changing the chart outlook to bullish. The price also created a V-shaped Ichimoku reversal with a price projection target at S$10.47. The conversion and base lines had a bullish crossover, hinting at a bullish price trend. The lagging span is above price of 26 days ago but is below the cloud. The MACD indicator is moving higher above the zero line and is hinting at a bullish price trend. We foresee price moving higher to the gap zone at $10.32 in the next 2-3 weeks.

Strategy

$9.49                 Buy

$10.32                Price Target

$9.19                 Risk Management Stop

3 weeks Trade Duration

SGX Stock Code S68.SGX

Outlook

Price reached a high of $12.13 on 6 August 2021 and went into a decline as a result of a lower than expected corporate earning result. The rapid decline has sent price lower to $10.93. There is a cloud support nearby from $10.86 to $10.61 which is likely to halt the price decline. There is also a previous high turned support at $10.56. Lagging Span is below price of 26 days ago but is still above the cloud. MACD remains bullish.

Strategy

$10.88                Buy

$11.80                Price Target

$10.60               Risk Management Stop

3 weeks Trade Duration

SGX Stock Code S68.SGX

Outlook
Since price broke above the cloud, on two occasions, price has been capped by the resistance high at $10.24. Yesterday, we saw price broke above this resistance high. This could be a sign the consolidation had ended and a resumption of the uptrend is on the way to the projected price target of $10.71. Conversion and Base lines had a bullish crossover, confirming the bullish trend. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish trend. MACD remains bullish. We are expecting price to move to congestion price projection target of $10.70.

Strategy                   
$10.28                Buy
$10.70                Price Target
$9.98                 Risk Management Stop
3 weeks Trade Duration

Singapore Exchange Stock Code S68.SGX

Outlook
Price broke above the cloud on the 16 Sep and on the following day, broke above a recent high, reinforcing its bullish trend. A price correction has managed to stay above the Base and Conversion lines. Conversion line and Base had a bullish crossover, hinting of the bullish trend. Lagging Span is above price of 26 days ago but is currently inside the cloud. MACD has a bullish crossover and is moving higher. Price is likely to probe a big gap that range from $9.00 to $9.77.

Strategy                  
$8.90                 Buy
$9.70                 Price Target
$8.40                 Risk Management Stop
3 weeks             Trade Duration