SIA Stock Code C6L.SGX
Outlook
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.
Strategy
$6.35 Sell
$6.02 Price Target
$6.55 Risk Management Stop
3 weeks Trade Duration
