Friday, February 15, 2019

Chart[102] - Singapore O&G

The counter saw surge in buying volume last week as in upper chart below. Price broke up from 0.36 which is 6 months high. Looking into weekly chart as lower chart below, 0.38 would be next resistance. Shall it be broken, next stronger resistance would be ~ 0.44, which translates to attractive trading target. The counter actually released a strong earning results upon market closed on Friday.

https://links.sgx.com/FileOpen/SOG%20-%20Press%20Release%20for%20Full%20Year%202018%20Results%20-%2015.02.2019.ashx?App=Announcement&FileID=543721


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