Wednesday, January 3, 2018

Lian Beng: 1st target hit, one more on track? Price 0.765

Lian Beng has been supported strongly above the 0.700 level since October

After seeing some consolidation below 0.725 for 3 weeks...

1 week ago last Wednesday.… We saw some reversal actions near 0.725… and indicators were looking to turn positive too…

A chart with some upside targets were drawn and today, we have seen Lian Beng hitting our 1st target at 0.76

Some profit taking likely but….

Uptrend can still continue towards 0.80 to our 2nd target as drawn…

Still watching for more upside with the STI rallying..

System had some bullish signal recently.... No exits.... shhh....

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For illustration purpose only

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