SINGPOST Stock Code S08.SGX
Outlook
Price could have formed a possible bottom at S$0.37. Conversion and base lines remain in a bullish crossover and the base line remain in a bullish crossover. MACD is still bullish with both of its lines above the zero line. These could increase chances of the stock price moving higher.
Strategy
S$0.420 Buy
S$0.465 Price Target
S$0.405 Risk Management Stop
3 weeks Trade Duration
Outlook
Price reached a low of $0.690 during a correction but managed to stay above the cloud, keeping the uptrend intact. We think the correction could be coming to an end with price supported by the upper edge of the cloud. MACD is bullish and the fast line is already turning higher which could be a hint of price turning up in the next few days ahead.
Strategy
$0.705 Buy
$0.765 Price Target
$0.680 Risk Management Stop
2 weeks Trade Duration
Outlook
Price broke above the cloud on the 16 November and has stayed above the cloud, since that day. After reaching a high of $0.765, price has declined to a low of $0.710 and had stayed above the cloud, keeping the uptrend intact. Price is currently supported by the Base line. Conversion line and Base line had a bullish crossover earlier, hinting of the bullish trend. Lagging Span is above price of 26 periods ago and also above the cloud, confirming the bullish price trend. MACD remains bullish and is high above the zero line, hinting of a strong price trend.
Strategy
$0.715 Buy
$0.765 Price Target
$0.695 Risk Management Stop
2 weeks Trade Duration
