Sheng Siong

Sheng Siong (OV8): Mark Up

Technical Observations:
The stock entered into re-accumulation after a mark up from S$0.96 level. In recent days, we are seeing consecutive days of increasing volume which may signal upcoming Mark Up. Aggressive traders can consider entry at current level. Conservative traders may like to wait for Line change at S$1.005.

Probable Trade Set-up:
E: S$0.995
S: S$0.97
T: S$1.045
R/R Ratio: 2.0x

Popular posts from this blog

Eventful Week: FOMC Decision and Earnings Reports Headline Upcoming Week

Markets searching for technical support

Wyckoff's Law of Effort