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.

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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
?

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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. 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