Friday, January 27, 2023

Sheng Siong - 27 Jan 2023

What does this stock chart says?

Quite clear Sheng Siong is in an uptrend, however, the pace is very slow.

The current price level is nearing the previous pandemic height of 1.80.  

My own conclusion is unwise for me to buy at current level as Market Maker are more likely to slowly unload rather than accumulate at this level.  

Reminding myself that Market Maker like to buy low and sell high and their distribution can take as long as they like.  



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