Trading buy range: S$4.66-4.67
Last price: S$4.68
Target price: S$5.07
Protective stop: S$4.38
The price broke and closed above the cloud, turning the chart outlook to bullish. Conversion and base lines remain in a bullish crossover. The MACD is bullish and a bullish crossover is likely. We are likely to see the price breaking out a potential flag pattern to move higher.
The potential upside target is S$5.07. Stop-loss could be placed at S$4.38.
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 and target price of S$4.81.
