Tuesday, January 2, 2018

Chip Eng Seng: 1st target hit, but may attempt a move above 1.00 eventually... Price 0.985

Just last week before the new year… we saw some nice actions in Chip Eng Seng above the 0.95 level

It has been consolidating below for more than a month and finally awakened..

Mentioned that it is likely to head to 1.00 first to test this key level….

Today, we are indeed still seeing Chip Eng Seng pushing higher towards the 1.00 first target…

A new recent high again today at 0.99…

We can expect some profit taking near here below 1.00 but any firm price action above can see the uptrend continue….

Still in watch list for more upside will be watching to see if 2nd target can be hit too….

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For illustration purpose only

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