SGX: F & N S2M2 (Stock Pick of Day - 15 Apr)

T3B Strategy: F & N is poised for a S2M2 breakout. Conflux of resistances provided by downtrend line and peak. K-line is currently around level 9.



Technical Analysis: We can see a cross-over signal for both MacD and GMMA signal as well. MFI and Stochastics show bearish signals as well.



Entry (E): 2.40 (1 bid below trough)
Stop Loss (S): 2.60 (1 bid above peak)
Profit (P): 2.13 (approximation)