Sheng Siong has cleared the 0.69 resistance which it has tested since Jan 2013. Finally broke above 0.69 on above average volume today. Currently at 0.705. Support should remain at 0.700 then 0.69 which will be a new resistance turned support. High currently is at 0.71. As long as 0.700 is supported well, we are bullish with a short term target of 0.75. Note that it is currently at an all time high and can head further to find a new consolidation phase and resistance.
Stop loss at 0.685
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