Sheng Siong's Share Price Could Break Out of 'Cup and Handle' Pattern to Upside -- Market Talk

Dow Jones
02/05

0042 GMT - Sheng Siong Group's share price could break out of a 'cup and handle' pattern to the upside after consolidating sideways since mid-November 2025, Phillip Securities Research's Zane Aw says in commentary. The share price has formed a "higher low build-up range" on the technical chart between S$2.69 and S$2.77 since mid-January 2026, the analyst notes. The moving average convergence divergence indicator has been holding above zero line during the current consolidation phase, which supports the bullish continuation view, he says. If the share price breaks above resistance at S$2.77, it's likely to resume its uptrend and reach S$2.99, Aw adds. Shares last closed at S$2.77. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

February 04, 2026 19:42 ET (00:42 GMT)

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