City Development (SGX: C09) Technicals indicate a strong possibility of the price edging higher, but expect some minor correction to test the immediate support at 6.85-6.94 as:
*Expected timeline of the trade is 25 weeks from the date of report issuance.
CHART LEGEND
Ichimoku Kinko Hyo
Red dotted line = 26 periods Kijun-Sen
Blue dotted line = 9 Periods Tenkan-Sen
Green Line B= 52 periods Senkou Span B
Pink Line A = 26 periods Senkou Span A
Black line = 26 periods Chikou Span. Lagging line