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Sheng Siong
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Possible bounce after falling wedge
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look@bright
Elite |
02-Sep-2020 13:32
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tp so low meh? All banks give at least $1.9 and above |
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allen19
Senior |
02-Sep-2020 13:29
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Hey guys, I have revised my call on $Sheng Siong(OV8.SI)yesterday. Since price broke out of the descending trendline to the upside and a new falling wedge has formed. Since falling wedge is often indicating continuation, we might expect the price to rally. TP 1 is at 1.77 where previous pullback resistance is, TP is at 1.81 where the horizontal swing high is. Ichimoku is also showing price crossing above the bearish cloud, possible bounce expected ! 
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