Singapore Stock Watch 23 Jan 2017

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23/1/17

Hong Leong Asia

  • After a long period of inactivity for the whole of 2016, stock surged with big volume on 11 Jan 2017
  • Since then, prices have risen significantly before consolidating in the past week
  • A further breakout with strong volume (>1m) above the previous recent high of $0.99 should give a good probability of the uptrend continuing
  • Entry @ $0.995 with Stop @ $0.865 just below the low of the consolidation pattern