Sheng Siong (technical)

Sheng Siong: TEchnical BUY by UOB Kay Hian with$0.55 TP. House note that the stock is trending above its mid Bollinger band and 50-day moving average, which could be acting as a support at the moment. A break above $0.49 may test the above-mentioned resistance level. Meanwhile, its indicators MACD and Stochastics are trending up. Stops could be placed at below $0.465.