The stock appears to be trapped in a range between S$7.60 and S$10.30 for the last 3 months. A breakout on either side would give light to where the stock is headed in the next 2 months.
Mixed technical readings suggest volatile pattern ahead. MACD has turned negative again while RSI signal line has hooked up but still below its trend line.
Sell on strength, if possibly near its S$8.66-9.20 resistance. It is also crucial for the stock to hold above S$7.60 now that it is below the 30-day SMA. Failure to do so could see the stock tumbling towards the next support at S$7.06 and S$6.62 next.
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