Some selling as soon as it reaches the key resistance at 0.92 – 0.93 …… can there be a breakout above 0.93 today. High seen at 0.92 this morning.
I doubt so given the weaker market conditions we are seeing now. Good to take some profits near 0.93 too. Which are the levels to accumulate again on dips…..?
Let’s see….
Sent: Monday, February 22, 2016 10:46 AM
Subject: ***************** Sheng Siong: A move above 0.86 resistance on above average volume, price 0.865.
Subject: ***************** Sheng Siong: A move above 0.86 resistance on above average volume, price 0.865.
Sheng Siong has kind of cleared above the 0.86 resistance which is the 3 months resistance level it has consolidated below. A move above this level can potentially see more upside towards 0.90 then 0.93 which was the previous high last year. Has not show much direction for more than 6 months already where it pretty much just traded sideways, today’s move can lead to a short term upside with uptrend taking control again. Let’s see. MACD above zero with some buy ups with momentum seen.
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