Thursday, January 17, 2013

Trading Buy - SIA. Share price 11.12

SIA has broken out of its consolidation phase above 11.10. You can see that it has been trading below 11.10 in a clear sideway pattern for more than a year since Nov 2011. Price now at 11.12. As long as 11.10 remains as the new support, more upside in the mid term to find a new resistance level is likely. Possible to gradually head up to $12 which is a next major resistance level to watch. Look at the upside potential gap it can fill.
Stop loss at 11.07 nevertheless.

1 comment:

  1. Thanks for sharing. Insightful graphs. I appreciate it.