Chart Source: Poemsview 7th Dec 2018
Sia Engineering part of the STI component stock has recently taken a beating as its results back in Nov wasn’t what market expected. Its core operating margins falter again which led to disappointing results.
But after the beating, SIA Engineering seems to be holding well at the $2.48 horizontal support level. A brief broke down of that support happened this morning and it managed to recover and close above the support. A good sign to us and we’ll be watching closely to see how SIA Engineering will perform in the coming days.
Near term resistance might be at $2.59.
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