SIA ENGINEERING Stock Code S59.SGX
Outlook
Price managed to stay above the cloud, keeping the uptrend intact. Conversion and base lines remain in a bullish crossover. MACD is bullish and is rising. We could see price rebounding from the cloud support to move higher.
Strategy
S$2.34 Buy
S$2.56 Price Target
S$2.29 Risk Management Stop
3 weeks Trade Duration
SIA ENGINEERING Stock Code S59.SGX
Outlook
Price retested the gap support zone that formed since 3 Nov 2023 for a fourth time. The RSI is hovering around the neutral level. We are likely to see price rebounding to its recent high if it manages to rebound from the support zone again.
Strategy
S$2.29 Buy
S$2.44 Price Target
S$2.24 Risk Management Stop
3 weeks Trade Duration
SIA ENGINEERING Stock Code S59.SGX
Outlook
Price rebounded after trading near its previous low support zone. It could form a potential triple bottom chart pattern as price tested this support zone for a third occasion. MACD could be giving potential divergence warning that hints at possible reversal ahead. These could increase chances of the stock price rebounding to move higher.2.23
Strategy
$2.23 Buy
$2.38 Price Target
$2.16 Risk Management Stop
2 weeks Trade Duration
SIA Engineering Stock Code S59.SGX
Outlook
Price reached a high of $2.25 on 18 October and a price correction soon followed. During the price correction, price is likely to be supported by the Conversion and Base lines and cloud. Lagging Span is above price of 26 days ago as well as above the cloud, confirming the bullish trend. MACD is bullish with both its line high above the zero line. MACD is hinting of a bullish price trend ahead. We think price is likely to continue its bullish momentum towards the previous high at $2.30.
Strategy
$2.18 Buy
$2.30 Price Target
$2.10 Risk Management Stop
3 weeks Trade Duration
Outlook
Price broke below the cloud on 16 June 2021 but move inside the cloud until the previous day, where price finally dropped and closed below the cloud. This could be the start of a downtrend as Conversion and Base lines had a bearish crossover, confirming the bearish trend. Lagging Span is below price of 26 days ago and is below the cloud, confirming the bearish trend. MACD remains bearish with both its lines below the zero line. MACD is hinting of a bearish price trend as well. We are expecting price to decline to the Ichimoku N-price projection target of $2.06 or the support level at $2.02 in the next 2-3 weeks.
Strategy
$2.16 Sell
$2.02 Price Target
$2.26 Risk Management Stop
3 weeks Trade Duration
