Wing Tai Stock Code W05.SGX
Outlook
Price broke above the cloud two trading days ago and in the last trading session, price stays above the cloud, confirming the bullish price trend. Conversion and Base lines remain in a bullish crossover, hinting at a bullish trend. Lagging Span is above price of 26 days ago but is inside the cloud. MACD is bullish with both its lines above the zero line. MACD is also hinting at a bullish price trend ahead. If price is able to stay above the cloud, we are likely to see a rally to the previous high at $1.90 in the next 1-2 weeks.
Strategy
$1.80 Buy
$1.90 Price Target
$1.74 Risk Management Stop
2 weeks Trade Duration
