SIA TA Chart – 07/10/2008
Given the recent events that surrounds the global credit crisis, SIA has finally succumbed below a 10-month long trading band. As seen below, SIA closed on the outside and downside of the triangle formation firmly @ $13.5.
Based on Aug 2006 values, $13.5 region is the support level too.
Whilst we might see a likely rebound soon, do beware of further downside.
The thrice-touched support @ $13.9 has become the resistance.
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