Trading Buy Range: S$4.20-4.21
Last price: S$4.19
Target price: S$4.50
Protective stop: S$4.10
Price has been moving higher after reaching a temporary low at $S4.01. It moved and closed above the middle Bollinger band, aka the 20- day moving average. The RSI is rising above its neutral level. These could increase chances of the stock price moving higher.
We see increasing odds of stock price testing S$4.50. Stops could be placed at S$4.10.
Approximate timeframe on average: 1-2 weeks (initiate this trade idea if the stock hits the entry price range within three trading days)
Our institutional research has a fundamental HOLD call and a target price of S$5.17.