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Smartis

S63 - new trend formation - possible bullish bias

Long
ST ENGINEERING (SGX:S63)  
Smartis Updated   
SGX:S63   ST ENGINEERING
Wave Analysis Chart Patterns
5
0
waveanalysis chartpattern
Target as shown - with stop loss indication.

Feel free to share your thoughts comments box. 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. Thumbs up if u like the analysis :)
Comment:
4 May 2020 - technical analysis seems to form head and shoulder pattern. The relationship between China and USA news seems to have an impact on our local economy.

If the support MA20 don't holds well tomorrow, potential gap down / fall to $2.90 range. Trade with extreme care.
Comment:
Trade closed: stop reached
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