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Monday, November 4, 2019

Vicom

Chart wise, It has turned bearish, likely to continue to trend lower!


The news

E-scooters to be banned from Singapore's footpaths starting Nov 5


Read more at https://www.channelnewsasia.com/news/singapore/e-scooters-banned-footpaths-fines-jail-pcn-bicycles-12060932

Not sure whether will this affect the price from sliding down further!


Short term wise, I think it may go down to retest 7.40 level. Breaking down with high volume that may continue to press the price lower towards 7.32 with extension to 7.16.

Not a call to buy or sell.
Pls dyodd.


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