CSE Global Ltd (SGX: 544) upside has been going on well and technical indicate that the stock has some more room for an upside rally :

1. CSE Global has made new high in mid –August after prices broke above the cup and handle’s resistance at $0.500.
2. Prices had a correction after prices hit the 127.2% extension level of the cup and handle formation. Subsequent downside correction has formed into a potential bullish flag.
3. Bullish pin bar formation closes at $0.500, which is the same as the support turned resistance level.
4. Ascending channel and the golden cross indicate a strong bullish trend.

*Timeline of the trade is 4 weeks from the date issued.

*Target price is 161.8% extension of the cup and handle. Should prices break further upside, the next target is 200.00% extension level.

CHART LEGENDS

Moving average

Red dotted line = 200 periods Moving average

Blue dotted line = 50 periods Moving average