Strategy:
Traders can look to buy between S$0.39 – S$0.37, with a stop loss at S$0.34 The 1st target price will be S$0.45 and the 2nd target price at S$0.50. 3rd target price will be at S$0.54
Technical snapshot:
CSE Global has resumed its upside after a strong rally break above the falling wedge, indicating a sign of completing its accumulation. Price action is indicative of a bullish return:
1) Prices is trending above all the ichimoku signals and the bullish kumo twist is indicative of further bullish upside.
2) MACD is rising and it’s histogram is rising above the zero line.
3) Stochastic oscillator is rising after performing its oversold crossover
4) DM+ is seen rising, indicating that the bullish strength is sustaining.
5) Volume remain in a healthy expansion.
