CFD Trading – Sell SIA (C6L.SGX) @ $6.40. Stop @ $6.60 and Target @ $6.00.

SIA  Stock Code C6L.SGX

Outlook

The chart outlook remains bearish as price is trading below the cloud. Conversion and base lines remain in a bearish crossover that hints at potential downside ahead. MACD remains bearish and a bearish crossover is likely. These could increase chances of the stock price moving lower.

Strategy

$6.40           Sell

$6.00          Price Target

$6.60          Risk Management Stop

3 weeks        Trade Duration

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