Monday, November 19, 2018

SIA Engineering: Target hit! May be breaking down lower again... cautious. Price 2.57


Over the past week, we have seen some bearish actions with SIA Engineering breaking the 2.80 support that has been holding for more than a month..


Sellers started to come back and some downside targets were drawn…


We have indeed seen more selling and target has been hit but seems like sellers are not letting go..




Targets has been revised lower with 2.60 breaking too with downtrend intact for now.….


See what we saw over the past few days again as the downside continued to play out…


On the PTI System, we actually had some Bearish signals


Just before the selling started…


Still no exits as of now…


More for shorts… cautious if holding long…


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