SIA Stock Code C6L.SGX
Outlook
Price was capped by its Fibonacci 62% correction point. A potential morning star reversal candlestick was formed yesterday, hinting at potential downside ahead. MACD is losing its upward momentum and a bearish crossover is likely. These could increase chances of the stock price moving lower.
Strategy
$7.24 Sell
$6.90 Price Target
$7.45 Risk Management Stop
3 weeks Trade Duration
