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SIA closes in on $5.46

Writer's picture: jeremy chojeremy cho

SIA shares closed on an intraday high of $5.41, 5 cents short of our target blogged last week.


A break and close above $5.45 might build a base for further upside if price action persists above the SSSB line on the monthly ichimoku cloud indicator to test $7.05, the breakdown level in Aug 2015 that started this 5 year downtrend.


PIVOT 4.68

Long positions above 4.68 target 5.46 and 7.05

Short positions below 4.68 target 4.31and 3.20


YOUTUBE https://youtu.be/Qtv-QQ7elk0



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