Smartis

S08 - Potential breakout of descending channel - Accumulation

Long
SGX:S08   SINGPOST
S08 provides digital services, such as logistic services and e-commerce in Singapore and other regions.

The stock has been in descending channel after the fallout of bearish 3 drives (not shown in current view). Current price is on MA50 with positive RSI . Volume trading appears to be in accumulation.

Do you think this rise to $1 or pull back to $0.9? Let me know in the comments section! :)

Note: This is not financial or investment advise. It will be good to always understand the risks involve in trading. Always trade with stop loss in place. If you like the analysis, please click on "thumbs" u; "like" button. Thank you.
Trade closed manually: Break out downwards - pattern void

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Good job
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Thanks
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