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

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