Friday, July 27, 2012

Sheng Siong Boss Join the Singapore 40 Richest

Yesterday Forbes Asia published the Singapore top 40 richest man, one of the new richest man in Singapore is Mr Lim Hock Chee, the boss of Sheng Siong. This sparks my interest their Stock which leads me to look at the chart of Sheng Siong. Lets see how they are doing...

ShengSiong now is trading at 0.47, price is above the 20,40,100,200MA. This is telling us, the mid term(past 2 month) is quite good and by looking at the chart the price is also now at the 20ma support and the trendline support. Many people say buy at support sell at resistance, the support right now is at 0.46 and the resistance is at 0.52. If you are looking at this stock, pls consider enter Only when it breaks previous day high.