SIA Stock Code C6L.SGX
Outlook
Price tried but was unable to move above the cloud on 11 June and has been declining. Price has also broken below an uptrend line which is a sign of a reversal of the bullish trend into a bearish trend. Lagging Span is below price of 26 days ago as well as below the cloud, confirming the bearish trend. MACD has turned bearish and there could be bearish crossover soon, which will reinforce the bearish trend. We are expecting price to move lower to the previous lows of either $4.60 to $4.42.
Strategy
$4.94 Sell
$4.60 Price Target
$5.20 Risk Management Stop
2 weeks Trade Duration
