SIA Engineering – [ Bottoming Out? Keeping A Lookout]

6th December, 2018, 8:45 AM

SIA Engineering – [ Bottoming Out? Keeping A Lookout] SIA Engineering 7th Dec 2018

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.

What’s your trade plan for SIA Engineering?

It is crucial to have a proper and sound trade plan with the right risk reward ratio in order to beat the market.

CLICK HERE to see how you can develop a sound and actionable trade plan which we share to our community.

Yours

Humbly

Kelwin&Roy

Follow and like us: