Tag: Sri Trang Argo

Sri Tango Agro Stock Code NC2.SGX

Outlook
Price broke above the cloud on Monday and has continued to move higher. Price has now closed a gap created on 9-10 November 2020 and this could be a sign of bullish trend. Conversion and Base lines had a bullish crossover earlier, confirming the bullish trend. Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish trend. MACD remains bullish with both its lines above the zero line, which is a hint of a bullish price trend. We are expecting price to test $1.52 which was a previous high as well as the Ichimoku V-shaped price target.

Strategy
$1.39                 Buy
$1.52                 Price Target
$1.30                 Risk Management Stop
3 weeks Trade Duration

Sri Triang Agro Stock Code NC2.SGX

Outlook
After moving above the cloud on the 22 Oct, a price rally carried price to a high of $1.57. A price correction has sent price to the previous resistance turned support at $1.43. Conversion line is providing support at this price level as well. Conversion and Base had a bullish crossover previously, confirming the bullish trend. Lagging Span is above price of 26 days ago and is also above the cloud, confirming the bullish trend. MACD is bullish and both of its lines are moving higher. As long as price does not close the gap at $1.40, we think price is likely to move higher to $1.67.

Strategy                  
$1.43                 Buy
$1.66                 Price Target
$1.38                 Risk Management Stop
3 weeks            Trade Duration