S59.SGX is the stock code for SIA Engineering. On June 16, 2021, price broke below the cloud, but it remained inside until the preceding day, when it eventually sank and closed below the cloud. Because the Conversion and Base lines had a bearish crossover, confirming the bearish trend, this might be the start of a decline. Lagging Span is below the cloud and below the price of 26 days ago, confirming the negative trend. With both lines below 0, the MACD remains negative. MACD is also indicating a bearish price trend. In the next 2-3 weeks, we predict price to drop to the Ichimoku N-price projection objective of $2.06 or the $2.02 support level.
Strategy
Sell $2.16$2.02 Price Target$2.26$2.16$2.16$2.26$2.26$2.26$2.26$ Stopping the trade for three weeks is a risk management strategy. Duration
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