Seems like it has broken out above the 0.22 to 0.225 short term consolidation phase as mentioned to clients previously. More upside likely now, to 0.25 first then 0.30…. J
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Sent: Wednesday, July 02, 2014 9:31 AM
Subject: ******************* Sunningdale Tech: Up trend intact...... 0.200 support now....... price 0.22
As mentioned previously last week, any break above 0.22 to 0.23 resistance level can see it trade to 0.25 then 0.30. Volume still strong over the past week and maintaining well. MACD indicator pointing upwards strongly with more confirmation needed from breakout above horizontal resistance levels. As long as still supported above 0.200, short term bullish.
Sent: Friday, June 27, 2014 3:15 PM
Subject: ************** Sunningdale Tech: Up trend intact...... 0.200 support now....... price 0.215
Bullish Setup: 0.205 to 0.215
Target: 0.25 then 0.30
Stop loss: 0.198
Reason: Have broke the critical 0.200 resistance level over the past few days and so far managed to stay above all these while. Likely to trade in the range of 0.20 to 0.22 before more upside can be seen. As long as 0.200 holds as new support now, we are bullish still and can continue to ride. All 3 technical indicators pointing upwards strongly still while volume remains above average. News on Monday that its chairman, Koh Boon Hwee, has roped in two new investors, Popiah King and Yarwood into Sunningdale to raise almost S$25m in gross proceeds for the company could provide some catalyst for more movement in the short term.
