Tag: Sri Trang Agro

Sri Trang Agro Stock Code NC2.SGX

Outlook
Price broke above the cloud on the 19 January 2021 and has stayed above the cloud since that breakout. After reaching a high of $2.45 on 1 March 2021, price has been declining. The decline had stayed above the cloud, keeping the uptrend intact. The pullback could find support at the Base line which lies at $1.94. There are two previous low price supports at $1.95 and $1.96, which could be able to halt the price decline. Conversion and Base lines had a bullish crossover earlier, hinting of the bullish trend. 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. We are expecting price to test $2.45 again.

Strategy                  
$1.95                 Buy
$2.45                Price Target
$1.75                 Risk Management Stop
3 weeks            Trade Duration

Sri Trang Agro Stock Code NC2.SGX

Outlook
Price broke above the cloud on the 19 January 2021 and has stayed above the cloud since that breakout. After reaching a high of $2.45 on 1 March 2021, price has been declining but had stayed above the cloud, keeping the uptrend intact. The pullback should find support at the Base line which lies at $1.87. There is also a support at $1.95, which should be able to halt the price decline. Conversion and Base had a bullish crossover earlier, hinting of the bullish trend. 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. We are expecting price to test $2.45 again.

Strategy                  
$1.95                 Buy
$2.45                Price Target
$1.75                 Risk Management Stop
3 weeks            Trade Duration

Sri Trang Agro Stock Code NC2.SGX

Outlook
Price broke above the cloud on 18 January 2021 and reached a high of $1.49. After the high, a price correction has brought price lower to the support level and the upper edge of the cloud at $1.31. Conversion and Base lines had a bullish crossover earlier, hinting of a bullish price trend. Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish price trend. MACD remains bullish with both its lines high above the zero line, which is a hint of a strong bullish price trend. We think the decline is done and price is likely to move higher to $1.52.

Strategy
$1.34                 Buy
$1.52                 Price Target
$1.24                 Risk Management Stop
3 weeks Trade Duration