SIIC Enviornment (technical)

SIIC Enviornment: UOB Kay Hian has a Technical Sell call this morning with a target of $0.145 and 15.6% potential return. The house note that the stock looks poised for further downside towards its 200-day EMA as the stock has closed below its immediate support level at $0.175. This view could be supported should its overlays (20 and 50-day EMA) form a dead cross, and its -DI may continue to rise with an accompanying potential rising ADX. Protective stops could be placed at S$0.185.