Tag: ST Eng

CFD Trading – ThaiBev & ST Engineering

Nicholas

ST Engineering Stock Code S63.SGX

Outlook
Price managed to stay above the cloud during the recently correction and yesterday; price broke above a recent high. In the process of this breakout, price also broke above an Ichimoku V price structure as well. Going by the Ichimoku V price structure, we have a price target for this breakout at $4.43. Conversion and Base lines have a bullish crossover confirming this bullish trend. Lagging Span also adds another confirmation. Lagging Span stays above price of 26 periods ago as well as above the cloud. MACD is also bullish with both its line currently above the zero line. MACD is rising as well.

Strategy
$4.24                 Buy
$4.43                 Price Target
$4.16                 Risk Management Stop
3 weeks             Trade Duration

ThaiBev Stock Code Y92.SGX

Outlook
Price reached a low of $0.74 on 10 Feb 2020, gapping below the previous day low and creating a gap in the process. The next day, price closed the gap and yesterday, price continued to move higher above the previous day’s high, confirming the closing of the gap and bullish reversal. MACD has a bullish divergence warning as well, hinting of a possible price low and a possible reversal in trend. We view the gap as a early trend change warning signal as both Conversion and Base lines have yet to give a bullish signal. Price is also currently below the cloud.

Strategy
$0.780                Buy
$0.870                Price Target
$0.740                Risk Management Stop
3 weeks              Trade Duration


CFD Trading – ST Engineering & SATS

Nicholas

ST Engineering Stock Code S63.SGX

Outlook
Price broke above the cloud and closed above the cloud yesterday in a strong bullish candle. Volume yesterday was also higher than the previous few days. Conversion and Base lines had a bullish crossover a few days before price broke above the cloud, confirming the bullish trend. MACD is rising and bullish, which is a sign of a bullish and strong trend. There is a price gap from $4.16 to $4.19, and if price can surmount this gap, price is likely to head higher. Using the Ichimoku V price projection, we have a price projection target of $4.22.  Using an Ichimoku E price projection, we get a price target of 4.34.

Strategy
$4.10                 Buy
$4.32                 Price Target
$3.98                 Risk Management Stop
3 weeks            Trade Duration

SATS Stock Code S58.SGX

Outlook
Price broke above the cloud 2 days ago. Both Conversion and Base lines had a bullish crossover before price broke above the cloud, confirming the bullish trend. Price has stayed along the Conversion line, which is another sign of a strong bullish movement. Lagging Span is above the cloud and above price of 26 days ago, which confirms the bullish trend. Price is likely to head higher to test the gap zone from $5.24 to $5.29. If price is able to move above $5.29, it could go higher to $5.45. MACD is bullish and both its lines are above zero and rising.

Strategy
$5.08                 Buy
$5.24                 Price Target
$4.98                 Risk Management Stop
3 weeks              Trade Duration