Trading plan for $SHENG SIONG

2021-05-27

Trading plan for $SHENG SIONG GROUP LTD(OV8.SI)$ :

1) SS is still stuck in the downtrend channel despite the surge in price on 14 May. Current downtrend channel top resistance is at 1.64. Traders need to observe the price action near this level. A rejection at this level may trigger more selling. On the other hand, a break up on high volume will increase the likelihood of moving out of the downtrend channel and towards next resistance level at 1.72.

2) If price falls below 1.60 in these coming days, it would be safer to cut loss first.

Trade with care and DYODD.

SGX Stocks Opportunities

Share SGX companies' analysis and opportunities with Tigers!

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Alihuat
2021-05-30
Alihuat
thanks for sharing.
大赢钱家
2021-05-30
大赢钱家
?
MingTay999
2021-05-28
MingTay999
?

Leave a comment

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":132570681,"tweetId":"132570681","gmtCreate":1622103274143,"gmtModify":1704179510686,"author":{"id":3560029910979654,"idStr":"3560029910979654","authorId":3560029910979654,"authorIdStr":"3560029910979654","name":"RFTrader","avatar":"https://static.tigerbbs.com/3a840d4156346439e4bc9d451534d8fb","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":293,"starInvestorFlag":false},"themes":[{"themeId":"f30d73afc024457d84b85d95767a82d8","categoryId":"7cf744760f454845a1870a05ea4e151d","name":"SGX Stocks Opportunities","type":0,"rnLink":"https://laohu8.com/RN?name=RNTheme&page=/theme/detail&rndata={\"themeId\":f30d73afc024457d84b85d95767a82d8}&rnconfig={\"headerBarHidden\": true}","description":"Share SGX companies' analysis and opportunities with Tigers!","image":"https://static.tigerbbs.com/977210e5ffb1dd4d02a1ad243fb4fb66"}],"images":[{"img":"https://static.tigerbbs.com/ba1e9306250d21e4a16672fb2218ba69","width":"1246","height":"703"}],"coverImages":[{"img":"https://static.tigerbbs.com/ba1e9306250d21e4a16672fb2218ba69","width":"1246","height":"703"}],"extraTitle":"","html":"<html><head></head><body> Trading plan for&nbsp;<a href=\"https://laohu8.com/S/OV8.SI\">$SHENG SIONG GROUP LTD(OV8.SI)$</a>&nbsp;:1) SS is still stuck in the downtrend channel despite the surge in price on 14 May. Current downtrend channel top resistance is at 1.64. Traders need to observe the price action near this level. A rejection at this level may trigger more selling. On the other hand, a break up on high volume will increase the likelihood of moving out of the downtrend channel and towards next resistance level at 1.72.2) If price falls below 1.60 in these coming days, it would be safer to cut loss first.&nbsp;Trade with care and DYODD.&nbsp;<img src=\"https://static.tigerbbs.com/ba1e9306250d21e4a16672fb2218ba69\" tg-width=\"1246\" tg-height=\"703\"></body></html>","htmlText":"<html><head></head><body> Trading plan for&nbsp;<a href=\"https://laohu8.com/S/OV8.SI\">$SHENG SIONG GROUP LTD(OV8.SI)$</a>&nbsp;:1) SS is still stuck in the downtrend channel despite the surge in price on 14 May. Current downtrend channel top resistance is at 1.64. Traders need to observe the price action near this level. A rejection at this level may trigger more selling. On the other hand, a break up on high volume will increase the likelihood of moving out of the downtrend channel and towards next resistance level at 1.72.2) If price falls below 1.60 in these coming days, it would be safer to cut loss first.&nbsp;Trade with care and DYODD.&nbsp;<img src=\"https://static.tigerbbs.com/ba1e9306250d21e4a16672fb2218ba69\" tg-width=\"1246\" tg-height=\"703\"></body></html>","text":"Trading plan for $SHENG SIONG GROUP LTD(OV8.SI)$ : 1) SS is still stuck in the downtrend channel despite the surge in price on 14 May. Current downtrend channel top resistance is at 1.64. Traders need to observe the price action near this level. A rejection at this level may trigger more selling. On the other hand, a break up on high volume will increase the likelihood of moving out of the downtrend channel and towards next resistance level at 1.72. 2) If price falls below 1.60 in these coming days, it would be safer to cut loss first. Trade with care and DYODD.","highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":1,"favoriteSize":0,"link":"https://ttm.financial/post/132570681","repostId":0,"isVote":1,"tweetType":1,"viewCount":2597,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["OV8.SI"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":466,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":4501160,"commentId":"4501160","gmtCreate":1622334935603,"gmtModify":1680791884446,"authorId":3575407991823828,"author":{"id":3575407991823828,"idStr":"3575407991823828","authorId":3575407991823828,"name":"Alihuat","avatar":"https://static.tigerbbs.com/d450d741a6a78a315c768cda177843d8","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-1","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Elite Trader","description":"Total number of securities or futures transactions reached 30","bigImgUrl":"https://static.tigerbbs.com/ab0f87127c854ce3191a752d57b46edc","smallImgUrl":"https://static.tigerbbs.com/c9835ce48b8c8743566d344ac7a7ba8c","grayImgUrl":"https://static.tigerbbs.com/76754b53ce7a90019f132c1d2fbc698f","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.28","exceedPercentage":"60.48%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":132570681,"objectIdStr":"132570681","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"thanks for sharing.","text":"thanks for sharing.","html":"thanks for sharing.","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":4508476,"commentId":"4508476","gmtCreate":1622386107256,"gmtModify":1680792016241,"authorId":3566533757199998,"author":{"id":3566533757199998,"idStr":"3566533757199998","authorId":3566533757199998,"name":"大赢钱家","avatar":"https://static.tigerbbs.com/61a528146b4b041f9789559efdd53e27","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":132570681,"objectIdStr":"132570681","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"?","text":"?","html":"?","likeSize":1,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":4482283,"commentId":"4482283","gmtCreate":1622187426855,"gmtModify":1680791549574,"authorId":3573715917725523,"author":{"id":3573715917725523,"idStr":"3573715917725523","authorId":3573715917725523,"name":"MingTay999","avatar":"https://static.tigerbbs.com/c581d30dd7866f6c7a49ec1f6f13f72a","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":132570681,"objectIdStr":"132570681","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"?","text":"?","html":"?","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/132570681"}