Sheng Siong – See Our New Value Added Service For Our Clients

30th July, 2020, 7:59 AM

Sheng Siong – See Our New Value Added Service For Our Clients Sheng Siong 30th July 2020

Chart Source: Poemsview 30th July 2020

Sheng Siong just reported its results last night and it was an amazing set of results mainly driven by the elevated demand arising from Covid-19. Its net profit grew 150% and it declared an interim dividend of 3.5 cents per share.

In our bid to continue to value add to our clients, we have sent out charts which our clients have been asking so that the community as a whole can benefit. As you can see, Sheng Siong was one such stock which we shared with our community just two weeks back. We pointed out the various support and resistance for our clients to learn and understand. This enable a client to understand better and watch out for potential turning points too.

As for Sheng Siong now, immediate resistance is at $1.74 which might be reached today due to the good set of results. The next upside level might be $1.80.

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Sheng Shiong

26th October, 2016, 12:58 PM
Sheng Shiong Nov 2016
Sheng Shiong Nov 2016

Sheng Shiong caught our attention. A defensive stock but it came down together with the overall market too. Furthermore it broke that uptrend line which we drew and it came down with an increase volume. The current support is at 50 ma which is at 1.065. If that breaks we might see further downside to 1.025 the horizontal support.

Lets see how it plays out the next few days.