CFD Trading – Sell SIA (C6L.SGX) @ $4.86. Stop @ $5.05 and Target @ $4.42

SIA Stock Code C6L.SGX


Price broke below the cloud three days ago and had stayed below the cloud since the breakout. Price has also broken out of an Ascending Triangle chart pattern earlier. Conversion and Base lines had a bearish crossover, hinting of a bearish trend. Lagging Span is below price of 26 days ago and is below the cloud, confirming the bearish trend. MACD remains bearish with both its lines far below the zero line, which is a hint of a strong bearish price trend. We are expecting price to decline to the support level at $4.42.


$4.86                 Sell

$4.42                 Price Target

$5.05                 Risk Management Stop

2 weeks Trade Duration

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