$SIA Engineering(S59.SG)SIA Engineering rose 1.6% today, but I’m still cautious given the technical picture. The stock remains below its 20-day (S$3.13), 50-day (S$3.21), 100-day (S$3.18) and 200-day (S$3.29) moving averages. With my entry at S$3.23, I’m inclined to wait for a recovery towards that level before exiting. Technically, the setup remains bearish, with the stock yet to reclaim its 200-day moving average, which continues to act as key resistance.
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