Following up from blog post about 3 weeks back, http://singaporetradinginsights.blogspot.com/2018/11/sia-engineering-target-hit-may-be.html
We have seen some consolidation in SIA Engineering around the 2.50 level…
Some short covering seen after the heavy sell down but buyers were just not able to push it back up firmly…
See the targets that were revealed then again below…
Towards the 2.40 level before it plays out…
Over the past few day, we have witnessed more weakness when the market sold off we are indeed down to the target seen…
Some support seen at 2.40 for now where buyers are doing some short covering…
But DOWNSIDE target can be revised lower on more bearish price action…
In previous post, it was also mentioned that the system had some bearish signals….cautious…
So the question is, is it still there??
Yes, there are still no exits… shhhhhh
that’s all I can say….
PTI grads can check it out and will know why…!
See below what has played out so far when first covered last month…
Want to get be alerted to counters like these faster and maybe even ride the downside with us? and get some top training too?
No comments:
Post a Comment