SIA Stock Code C6L.SGX
Outlook
After moving to a high of $5.62 on 11 October, price went into a decline. The decline had stayed above the cloud, keep the uptrend intact. The price decline is likely to find support provided by the gap zone as well as a previous high turned support line. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish trend. The MACD is bullish with both its lines above the zero line and is hinting at a price rally ahead. If price can hold above the gap, we are likely to see price moving to the previous high at $5.60 in the next 2-3 weeks.
Strategy
$5.20 Buy
$5.60 Price Target
$5.09 Risk Management Stop
3 weeks Trade Duration
