Chip Eng Seng – [ Chipping Away Its Resistance]

Chart Source: Poemsview: 20th March 2018

Chip Eng Seng has been holding up well over the last few days despite markets being choppy. It has held above its 20ma and had a fake breakdown of its horizontal support of 0.935. It could have attracted shortist which was then forced to cover as Chip Eng Seng started heading south.

Chip Eng Seng also saw an increased in volume coming in today which is higher than the last month’s daily volume. It slowly took out its resistance during the day and closed above its 0.955 resistance.

Chip Eng Seng next resistance might be 0.975 then $1. And of course our Exclusive clients were informed of our trade analysis when Chip Eng Seng was at 0.940.

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