Friday, April 17, 2015

Breakout Seen: Sheng Siong - Ride the upside further above 0.800 support now, price 0.815

Sent: Friday, April 17, 2015 10:05 AM
Subject: ********************* Breakout Seen: Sheng Siong - Ride the upside further above 0.800 support now, price 0.815
From previous calls, Sheng Siong has indeed broke above the 0.800 psychological resistance finally today on above average volume and at a new high. There can still be more upside from here with all moving average still pointing upwards consistently. Uptrend clearly intact for now and as long as it stays above the 0.800 new support level. Target to 0.85 then 0.90 for now. Raise stop loss to 0.785, and continue to ride. One of those good stocks to holds which is defensive and uptrend positive. ;)
Sent: Monday, March 30, 2015 9:36 AM
Subject: ************************ Sheng Siong - More upside above 0.80 psychological resistance now, Ride the upside further above it, price 0.80
Has touched our target at 0.800 today, would be a good time to take some profit given the run over the past 2 weeks. May find a support at the 0.78 – 0.785 level before more upside above 0.800. Uptrend still intact as mentioned previously with all moving averages pointing upwards and 20 day MA above the 100 and 200 day MA line consistently.

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