SIA Stock Code C6L.SGX
Outlook
Price broke below the cloud on the previous day which could signal the start of a bearish price trend. A break of the trend channel will increase the strength of the bearish signal. Conversion and Base lines had a bearish crossover, confirming the bearish trend. Lagging Span is below price of 26 days ago but is still above the cloud. MACD remains bearish with both its lines below the zero line and moving lower. We are expecting price to decline to the support level at $4.42.
Strategy
$4.86 Sell
$4.42 Price Target
$5.03 Risk Management Stop
3 weeks Trade Duration
