SIA Stock Code C6L.SGX
Outlook
Price broke above the cloud in the previous trading session and closed above the cloud, hinting of a bullish price trend. Price also broke above a downtrend line which started from the high on 25 November 2020. Conversion and Base lines had a bullish crossover yesterday, hinting of a bullish price trend ahead. MACD remains bullish and is hinting of a price rally ahead. If price can stay above cloud, we are expecting price to test $4.60 again.
Strategy
$4.38 Buy
$4.60 Price Target
$4.19 Risk Management Stop
3 weeks Trade Duration
