Sheng Siong: Looks To Be Advancing After A Long Consolidation Period

2016Jul-Sheng Siong-800x449

2016Jul-Sheng Siong-800x449

29/7/16

 

  • Sheng Siong has been on a long term uptrend but started to consolidation since May 2015, having unable to penetrate the resistance level around $0.905.

 

  • With its strong quarterly results recently announced, the stock has started another uptrend with strong volume breaking out of its key resistance area

 

  • Look for further consolidation at current prices and another breakout above $0.99 to confirm its continued uptrend