SIA closes in on $5.46

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

SIA shares gains traction with $5.46 target (quantstrategic.com.sg)

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