Singapore O&G: More upside above 1.05, a new high seen. Uptrend intact above.. price 1.07 - An Entry signal 7 weeks back, see what I mean....

We have seen a new high for Singapore O&G today after seeing it consolidating briefly below the 1.05 temp resistance level for less than a week.

There can be more upside with it holding above now with a target to 1.10 for now which it is likely to attempt a move above over the next few days.

More importantly, there was actually a 1ET BULISH ENTRY signal on my system which I wanted to share about.

About 7 weeks AGO, with an Entry price at 0.82….. Still no exit till now….. SEE BELOW THE CHART.

It has been pushing higher after some minor consolidations EVER SINCE…

Let’s see if the exit will come soon.

Raise stop loss for those who manage to lock in any long positions previously….  J

Singapore O&G: pushing higher as mentioned to clients yesterday, price 0.755 now

Can it touched our target at 0.80 by next week?

Sent: Thursday, June 11, 2015 11:20 AM
Subject: ******** Singapore O&G: Breaking above 0.700 may see more upside further, price 0.73

Singapore O&G has traded below the 0.700 for about a week after the huge surge from IPO date and today we have seen a further breakout above the 0.700 psychological resistance on top 20 volume. As long as 0.700 holds as the new support now, there can still be more upside to 0.76 then 0.80 with a new upward phase. Stop loss can be at 0.69 for any long positions. Can continue to accumulate on renewed momentum.