SIA Stock Code C6L.SGX
Outlook
Price reached a high of $5.50 on 7 November and went into a price correction. The price correction was supported by the Conversion line as well as the cloud, keeping the uptrend intact. Conversion line and Base line had a bullish crossover and is hinting at a bullish price trend ahead. Lagging Span is above price of 26 days ago but is inside the cloud at the moment. MACD is bullish with both lines above the zero line. If price can stay above the cloud, it could be heading towards the previous high at $5.50 in the next 2-3 weeks.
Strategy
$5.30 Buy
$5.50 Price Target
$5.15 Risk Management Stop
3 weeks Trade Duration
