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Sent: Tuesday, March 17, 2015 10:02 AM
Subject: **************** Breakout Spotted: Sheng Siong - More upside above 0.75 new support now, Ride the upside further, price 0.765
Subject: **************** Breakout Spotted: Sheng Siong - More upside above 0.75 new support now, Ride the upside further, price 0.765
Following up from previous breakout call, Sheng Siong has indeed broke above the 0.75 resistance over the past 2 days and we have seen it maintain above strongly. As long as 0.75 is a support now, we are bullish with it poised to hit the 0.800 psychological resistance target in the short term. Stop loss can be raised to 0.74. All 3 moving averages pointing upwards at the moment with uptrend clearly intact above 0.75. Currently at a new high which can see some momentum continue.
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