Strategy
$3.93 Buy
$4.20 Price Target
$3.72 Risk Management Stop
3 weeks Trade Duration
CFD Trading – Buy ST Engineering (S63.SGX) @ $3.93. Stop @ $3.72 and Target @ $4.20.
Tag: ST Eng
CFD Trading – Buy ST Engineering (S63.SGX) @ $3.90. Stop @ $3.76 and Target @ $4.10
ST Engineering Stock Code S63.SGX
Outlook
After reaching a high of $4.10, price has declined lower to the support at $3.80. This is the resistance turned support line as well as a support zone provided by the Conversion and Base lines. This support zone is above the cloud, which means the trend is still bullish and the recent decline is just a correction. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish price trend. MACD is bullish and a bullish crossover is likely in the near future. We think price is likely to be support at the $3.80 level and move higher to the previous high at $4.10 in the next couple of weeks.
Strategy
$3.90 Buy
$4.10 Price Target
$3.76 Risk Management Stop
2 weeks Trade Duration
CFD Trading – Buy ST Engineering (S63.SGX) @ $3.37. Stop at $3.28 and Target at $3.52
ST Engineering Stock Code S63.SGX
Outlook
Price broke above the cloud on the 14 August and has stayed above the cloud since that day. After reaching a high of $3.53, price has been declining but had stayed above the cloud. Price is also currently above the Base line but is below the Conversion line. Conversion line and Base had a bullish crossover, hinting of the bullish trend. Lagging Span is above price of 26 days ago and also above the cloud, confirming the bullish trend. MACD is bullish and the fast line could be turning up again from the zero line, hinting that this current correction could be coming to an end soon. We are expecting price to test the resistance of $3.53 again.
Strategy
$3.37 Buy
$3.52 Price Target
$3.28 Risk Management Stop
2 weeks Trade Duration
CFD Trading – ST Eng & UMS
ST Engineering Stock Code S63.SGX
Outlook
Price was unable to break above the lower edge of the cloud for the past 2 weeks. The cloud is also getting thicker which means that price is going to find it harder to pass through. Yesterday Conversion and Base lines had a bearish crossover, hinting of a bearish trend ahead. Lagging Span is below price of 26 days ago and is far below the cloud at the moment, which is a hint of a strong bearish trend. MACD is bearish at the moment with both its lines looking like there will experience a bearish crossover in the near future.
Strategy
$3.18 Short Sell
$2.90 Price Target
$3.31 Risk Management Stop
3 weeks Trade Duration
UMS Stock Code 558.SGX
Outlook
Price broke above the cloud in a strong bullish candlestick on 13 May and has stay above the cloud since that day. Price is currently supported by the Conversion line and is above the Base line. Both Conversion and Base line had a bullish crossover earlier. Both Conversion and Base lines have steep gradient, hinting of a strong trend. Lagging Span is above price of 26 days ago but is still currently below the cloud. MACD is bullish with both its lines above the zero line. MACD is moving higher, hinting of more price upsides ahead.
Strategy
$0.855 Buy
$1.060 Price Target
$0.720 Risk Management Stop
3 weeks Trade Duration
CFD Trading – Wilmar & ST Engineering
ST Engineering Stock Code S63.SGX
Outlook
For the past 3 days, price had oscillated around the cloud. Yesterday, price closed below the cloud and also below the first day when price broke below the cloud. Price also formed a bearish Engulfing pattern, which is a bearish price pattern. Price also broke below a 3-month trend channel. This could be the start of a new bearish price trend. With price below the cloud, Conversion and Base line had a bearish crossover three days ago, confirming the bearish trend. Lagging Span is below price of 26 days ago but Lagging Span is inside the cloud but near to the edge at the moment. MACD is still bullish but both lines are falling with the fast line already below the zero line.
Strategy
$4.07 Sell
$3.89 Price Target
$4.21 Risk Management Stop
3 weeks Trade Duration
Wilmar Stock Code F34.SGX
Outlook
Price broke below the trend channel lower line three days ago and also below a previous price low. This could be the start of another downtrend after price failed to move above the cloud after establishing the previous low at $3.82. Conversion and Base lines also had a bearish crossover a few days earlier, confirming the bearish trend. Lagging Span is below price of 26 days ago as well as below the cloud, confirming this sell signal is a strong bearish signal. Price’s break of the $3.82 low also formed an Ichimoku reversal with the V price structure calling for a price target of $3.41. The N price target is $3.67. MACD is bearish with both its lines below the zero line. Both lines of MACD are also moving lower, hinting of further price declines.
Strategy
$3.85 Sell
$3.53 Price Target
$3.97 Risk Management Stop
3 weeks Trade Duration
