Tag: ST Eng

ST Engineering Stock Code S63.SGX

Outlook

Price has been capped below the conversion line for the past 3 trading sessions, keeping the bearish trend intact.  Conversion and base lines had a bearish crossover, hinting at a bearish price trend. Lagging Span is below price of 26 days ago but is above the cloud. MACD is bearish with both lines above the zero line. MACD is hinting at a bearish price trend. We think price is likely to move lower to the previous price support at $3.31 in the next 2-3 weeks.

Strategy                  

$3.50                 Sell

$3.31                 Price Target

$3.61                 Risk Management Stop

3 weeks            Trade Duration

ST Engineering Stock Code S63.SGX

Outlook

Price broke above a V-shaped Ichimoku structure the in the previous trading session, hinting at a bullish price trend to the target price at $3.74  Conversion and Base lines had a bullish crossover and is hinting at a bullish price trend. Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish price trend. MACD is bullish, with both lines above the zero line. MACD is hinting at a bullish price trend. We think price is likely to move higher to the previous price resistance at $3.77 or the Ichimoku target at $3.74 in the next 2-3 weeks.

Strategy                  

$3.61                 Buy

$3.74                 Price Target

$3.51                 Risk Management Stop

3 weeks              Trade Duration

ST Eng Stock Code S63.SGX

Outlook

Price broke and closed below the cloud in the previous trading session, changing the chart outlook to bearish after a 3-month rally. Conversion line and Base line remain in a bearish crossover, hinting at a bearish price trend. Lagging Span is above price of 26 days ago but is inside the cloud. MACD is bearish and is hinting at a bearish price trend. As long as price stays below the cloud, price is likely to test the previous price support low at $3.75, in the next 2-3 weeks.

Strategy                  

$3.94                 Sell

$3.75                 Price Target

$4.01                 Risk Management Stop

3 weeks              Trade Duration

ST Engineering Stock Code S63.SGX

Outlook

After reaching a high of $4.19 on 29 March 2022, price went into a correction. The price correction has come into the Fibonacci 38% correction point as well as a previous price support. The correction has also stayed above the cloud, keeping the bullish trend intact. Conversion line and Base line remain in a bullish crossover, hinting at a bullish price trend. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish price trend.  MACD remains above the zero line and is hinting at a bullish price trend. We think price is likely to be move higher to $4.19, which is also the previous price high, in the next 2-3 weeks.

Strategy                  

$4.07                 Buy

$4.19                 Price Target

$3.99                  Risk Management Stop

3 weeks              Trade Duration

ST Engineering Stock Code S63.SGX

Outlook

Price broke above the cloud five days ago but has hovered just above the cloud for the next few days. In the previous trading session, there was strong white candlestick, which could be a sign that price could be about to move higher. Conversion and Base lines had a bullish crossover, hinting at a bullish trend. Lagging Span is above price of 26 days ago but is at the cloud. MACD is bullish with both its lines above the zero line. The MACD indicator is moving higher, hinting at a bullish price trend. We see a rally to the previous high at $3.98 in the next 1-2 weeks.

Strategy

$3.85                 Buy

$3.98                 Price Target

$3.78                 Risk Management Stop

2 weeks Trade Duration