SIA (C6L): Momentum Breakout
Exhibiting a breakout from the re-accumulation area, accompanied by a notable surge in trading volume and a relative strength breakthrough above zero.
Investors are embracing the positive development of the China-SG mutual 30-day visa-free initiative.
Target zone at 7.00-7.20 while stop set below 6.40. This setup presents an approximate 2x risk-reward ratio.
https://www.channelnewsasia.com/asia/singapore-china-mutual-visa-free-agreement-30-days-start-feb-9-4073491
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