Sheng Siong had a very strong recovery after hitting the low of 79 cents on 18th Jan 2016 and managed to head higher to touch 88 cents on the 24th feb 2016. This is rather bullish.
After hitting the high of 88 cents it is now taking a breather /break before gaining strength to move up the channel.
Both Macd & Rsi are still trending upwards which may provide further indcation that the share price may continue to head higher.
Breaking out of 88 cents with good volume that may propel to drive the share price higher towards the All time high of 93 cents which was being attained in May 2015 with extension to $1.00.
(trade base on your own decision)
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