CFD Trading – Buy Yoma (Z59.SGX) @ $0.159. Stop @ $0.139 and Target @ $0.192

Yoma Strategic Stock Code Z59.SGX

Outlook

During the recent price correction, price was supported by the cloud, keeping the bullish price trend intact. A larger than normal candlestick in the previous trading session is hinting at a reversal at the edge of the cloud. Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish price trend. MACD remains below the zero line but is turning around. As long as price stays above the cloud, the bullish price trend is likely to send price higher to $0.192, which is also the previous price high, in the next 2-3 weeks.

Strategy                  

$0.159                Buy

$0.192                Price Target

$0.139                Risk Management Stop

3 weeks              Trade Duration