CFD Trading – Sell SIA (C6L.SGX) @ $6.35. Stop @ $6.55 and Target @ $6.02.

SIA   Stock Code C6L.SGX


Price retraced after reaching its previous high for a second time, forming a potential double top reversal chart pattern. A bearish engulfing reversal candlestick pattern was formed yesterday. There is a potential divergence warning given from the RSI indicator that hints at possible price top. We are likely to see price having its price correction to S$6.02.


$6.35                 Sell

$6.02                 Price Target

$6.55                 Risk Management Stop

3 weeks             Trade Duration

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