Monday, August 22, 2016

Sheng Siong: A move to new high again, we got an Exit, BUT is there more room to go? Price 1.04

After consolidating from 1.00 to 1.03 for more than 2 weeks, we are again seeing some actions with it clearing above the resistance at 1.03 - 1.04.

There can be more strength from here if 1.03 were to hold now.

Likely to head towards 1.10 next with buyers wrestling control again in this uptrend.

The 1.00 psychological support has been holding well all this while for more than 2 weeks.

From previous blog post where I mentioned a BULLISH 1ET ENTRY SIGNAL, we actually did had an EXIT 2 weeks back after the rally….

See this Strategy Live:

We may see another ENTRY SIGNAL AGAIN….

Probably based on my Trend (1GT) Strategy  J

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