Thursday, February 25, 2021

Technical Analysis Feb 2021: Sheng Siong (SGX: OV8)



Sheng Siong Group Ltd (SGX: OV8)

Observation from chart:- 

Sheng Siong (SGX: OV8) forming descending triangle pattern. 

Will it rebound at triangle support level? 

Other indicator:- 
MACD trade moving toward negative region, downtrend sign. 
Stochastic %K on SELL call itinerary. 

Immediate resistance @ triangle level 
Subsequent resistance @ $1.71 level. 

Immediate support @ triangle support level. 
Subsequent support @ $1.44 level. 

Let's watch closely Disclaimer

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