SG Stocks To Watch (Silverlake Axis)

2016sep-silverlake-axis-800x600

Silverlake Axis (SGX:5CP)

Silverlake has reflected a Bearish Reversal Candlestick Pattern (Shooting Star), with Friday confirming the imminent correction. At the current junction, it is likely to see Silverlake Axis test its major resistance turned support level at $0.625.

Do note that price support at $0.625 will still continue to maintain the mid term bullishness (uptrend) of the counter as a healthy correction is required for the sustainability of the steepness of this trend channel.

 

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