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Tuesday, 19 September 2017
Chip Eng Seng: 19 September 2017, Tuesday, 8.51am Singapore Time
Chip Eng Seng: 19 September 2017, Tuesday, 8.51am Singapore Time (Click on Technical Chart above to Expand)
Attached above is the technicals for Chip Eng Seng, a construction sector stock listed in the Singapore SGX. The red circled region is my live warnings in 2014-2015 to exit construction related stocks amidst high public bullishness. The stock plunged after that. Technical recession came in 2016. In 2016 amidst weak economic growth, technical recession and high public bearishness, the green circled regions in 2016 are my live warnings to buy raw materials, infrastructure and construction related stocks. Chip Eng Seng has since enacted to my fore-warnings. It just broke up of bull flag. It will rally way beyond 0.84. Bullish.