$SIA Engineering(S59.SG)
Context: SIA Engineering closed at S$3.10, with higher input costs, including rising shipping costs for materials, weighing on margins. The stock is also below the S$3.20 200-day EMA, so I’m watching for a breakout.
My trade: I’ll look to exit around S$3.30 on a rebound and redeploy the funds into blue chips.
Takeaway: I’m not optimistic on the near-term upside, so I’d rather redeploy into stronger blue-chip opportunities.
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