(Current Price: US$596.21) – TECHNICAL BUY
Buy price: US$596.21 Stop loss: US$568.00 Take profit: US$700.00
The price formed a bullish consolidation pennant following a breakout of the long-term downtrend channel. We are likely to see follow through of the bullish momentum to drive the stock price higher to retest the next key horizontal resistance level at US$700.
Expected timeline of the trade is 1-2 weeks from the date of report issuance.
I analyze the stock market and conduct technical analysis to provide investment recommendations. I look forward to having a conversation with you in our in-house seminars and presentations to identify good risk-reward trading strategies together. I graduated from Nanyang Technological University with a Bachelor of Accountancy (Honours).