Follow Up ******************* Sheng Siong: a break above consolidation phase finally.... Poised for more upticks...........price 0.685

Can it break and stay above 0.700 now ? Lets Watch !

Sent: Tuesday, April 29, 2014 9:20 AM
Subject: REPOST ******************* Sheng Siong: a break above consolidation phase finally.... Poised for more upticks............ (BUY - Price 0.63)

From yesterday call.  Can still consider for longer term holding yield and capital upside.

Sent: Monday, April 28, 2014 5:15 PM
Subject: ******************** Sheng Siong: a break above consolidation phase finally.... Poised for more upticks............ (BUY - Price 0.63)

Sheng Siong has broke above the 0.600 downtrend channel resistance line last Friday. Today it has again tested the 0.625 horizontal resistance formed since Nov last year, and managed to cross above it. More upward momentum like to take it higher to 0.65 then 0.700 in the coming weeks. Slow and defensive counter to have which is good to have in your portfolio for yield also. Note that at this level it has also JUST BROKEN ABOVE the 200 day MA LINE, after breaking below in Oct last year. This could signal a trend reversal finally.  JP Morgan has an Overweight call on it.

Stop loss 0.59