CFD Trading – Buy SIA Engineering (S59.SGX) @ $2.23. Stop @ $2.16 and Target @ $2.38.

SIA ENGINEERING  Stock Code S59.SGX

Outlook

Price rebounded after trading near its previous low support zone. It could form a potential triple bottom chart pattern as price tested this support zone for a third occasion. MACD could be giving potential divergence warning that hints at possible reversal ahead. These could increase chances of the stock price rebounding to move higher.2.23

Strategy                  

$2.23                Buy

$2.38                Price Target

$2.16                Risk Management Stop

2 weeks            Trade Duration

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