Back

Latest Forum Topics / SIA Engineering    Last:3.12    +0.02

Post Reply

SIA Engineering Post Reply Rate topic
guoyanyunyan Supreme	07-May-2014 07:32        guoyanyunyan About Contact  Quote this Post!
x 0   x 0  Alert Admin	SIA Engineering -More downside to come after bearish break By Philip Teo, OCBC More downside to come after bearish break Downtrend resistance still intact.  SIA Engineering could see further correction ahead after failing a test at its 1-year downtrend resistance recently this was followed by a bearish break of both its 2-month uptrend support and $4.90 horizontal support on heavy trading volume yesterday. Indicator turning bearish.  The MACD has just initiated a sharp bearish crossover as well, suggesting that the downside momentum is accelerating. Target price at $4.65.  The counter could possibly slide towards the next key base at $4.65 (key troughs) in the weeks ahead. Stop loss level at $4.91.  Meanwhile, we advocate a stop-loss exit for short sellers around $4.91, which is slightly above the newly established support-turned-resistance of $4.90. ...last:$4.83...
Useful To Me  Not Useful To Me

                                                         First   < Newer   661-661 of 661   Last