CityDev (CID.SG): Downtrend Channel
Published On: 29 April 2024, 9:30 AM | Sean Ng, Dealer
Key Entry Price Pivot(s):
- $6.05
- Short Below $6.05
- Take Profit at $5.20
- Stop Loss at $6.20
- Long Above $6.20
- Take Profit at $6.76
- Stop Loss at $5.98
- CID.SG has been forming a descending channel with price trading at the upper resistance level
- Traders can potentially look to take a short trade if CID.SG rebounds off of the upper resistance level, or a long trade if it breaks upwards with strong volume
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