~ 2.2 formed immediate support for current downtrend. Shall buying interest continue, 2.46 would be immediate resistance. Valuation looks attractive with 5% dividend yield. Net cash > $400m.
Monday, December 31, 2018
Chart[98] - SIA Eng
The counter has been selling down 20% since last Nov. As shown on first chart below, buying interest could be back on last Friday. It actually bounced up strongly from 2.24 with significant volume. Looking into second chart, the counter already fell to the level on financial crisis period ~ 2009.
~ 2.2 formed immediate support for current downtrend. Shall buying interest continue, 2.46 would be immediate resistance. Valuation looks attractive with 5% dividend yield. Net cash > $400m.
~ 2.2 formed immediate support for current downtrend. Shall buying interest continue, 2.46 would be immediate resistance. Valuation looks attractive with 5% dividend yield. Net cash > $400m.
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