Sia Engineering testing its previous horizontal resistance of $2.59 which is also the 200ema. Breaking this and staying above it might see more upside.
It is currently consolidating between 2.51 area for the last two weeks. So we’re watching Sia Engineering with interest. $2.51 has to hold for SIA engineering.
Yours
Humbly
Kelwin&Roy
SIA engineering reported a poorer set of results which didn’t quite meet expectations and the stock took a beating since opening till closing at $2.39. What a day for SIA Engineering. More of its results can be read HERE.
Were there cracks and warning signs before the fall? Just over a week ago when SIA Engineering was sitting on its $2.50 support we issued an alert for our readers to be careful. That support didn’t hold and it a first warning sign.
Our EXCLUSIVE CLIENTS were also alerted of this trade analysis back in Jan where they could Plan, Prepare and Proceed with ease.
Since our entry of $2.53 SIA Engineering has been steadily declining and has reached a few of our targets with $2.37 being the third. A nice 6% downside can be seen in this analysis.
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Yours
Humbly
Kelwin&Roy
SIA Engineering seen an increased in volume today and closed at its horizontal support of $2.50. A break below it might see more downside.
It is also currently supported by its short term uptrend which kind of coincides with the horizontal support. So if these break we’ll be watching for a short.
Want to learn how to short using Poems CFD? Instead of trying to bottom pick, a trader could use the downside to his advantage by shorting.
We’ll be having a CFD workshop to go through the usefulness of using thisย instrument and how critical it is in the coming months.
It’ll be held this coming Wednesday (30th) Jan and more details can be found in the link below.
See you all there!
Yours
Humbly
Kelwin&Roy
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?
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Yours
Humbly
Kelwin&Roy
SIA engine might be worth taking a look. It found support at 3.36 and currently at the 3,43 resistance which is the horizontal resistance and also the 20ma. If the resistance break we might see it move higher to 3.49 then 3.53. Our stop loss would be 3.35
Yours
Humbly
