News and information of Singapore stock market. Chart with Support and Resistance. A blog to force myself to learn.
Feb 3, 2014
SGX technical BUY with + 4.3% potential return
BUY with a target price of S$7.30 as the stock could have a short-term rebound should it continue to trend range bound. The bullish engulfing pattern formed in the last trading session could have a follow though.
Its Stochastics indicator has formed a bullish crossover and could move out of its oversold region. Protective stops could be placed at S$6.87.
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