Friday, June 12, 2015

Singapore O&G: pushing higher as mentioned to clients yesterday, price 0.755 now

Can it touched our target at 0.80 by next week?

Sent: Thursday, June 11, 2015 11:20 AM
Subject: ******** Singapore O&G: Breaking above 0.700 may see more upside further, price 0.73
Singapore O&G has traded below the 0.700 for about a week after the huge surge from IPO date and today we have seen a further breakout above the 0.700 psychological resistance on top 20 volume. As long as 0.700 holds as the new support now, there can still be more upside to 0.76 then 0.80 with a new upward phase. Stop loss can be at 0.69 for any long positions. Can continue to accumulate on renewed momentum.

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