SIA Stock Code C6L.SGX
Outlook
The stock price was capped by the middle Bollinger band, which is also the 20-day moving average, coinciding with the gap resistance that created on 30 June 2023. A potential shooting star reversal candlestick was formed yesterday. The RSI is moving lower below its neutral level. We could see price continuing its downward momentum to move lower.
Strategy
$7.31 Sell
$6.51 Price Target
$7.50 Risk Management Stop
3 weeks Trade Duration
