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Hey guys, I have revised my call on $Sheng Siong(OV8.SI)yesterday. Since price broke out of the descending trendline to the upside and a new falling wedge has formed.
Since falling wedge is often indicating continuation, we might expect the price to rally. TP 1 is at 1.77 where previous pullback resistance is, TP is at 1.81 where the horizontal swing high is.
Ichimoku is also showing price crossing above the bearish cloud, possible bounce expected !
Since falling wedge is often indicating continuation, we might expect the price to rally. TP 1 is at 1.77 where previous pullback resistance is, TP is at 1.81 where the horizontal swing high is.
Ichimoku is also showing price crossing above the bearish cloud, possible bounce expected !