Sheng Siong Soars 3.25% Intraday on Technical Breakout Signals

Stock Track

Feb 05

Sheng Siong's stock soared 3.25% during Thursday's intraday trading session, driven by technical analysis indicating a potential breakout from a consolidation pattern.

According to market analysis, Sheng Siong's share price could break out of a 'cup and handle' pattern to the upside after consolidating sideways since mid-November 2025. The stock has formed a "higher low build-up range" on technical charts between S$2.69 and S$2.77 since mid-January 2026, with the moving average convergence divergence indicator holding above the zero line during the current consolidation phase, supporting a bullish continuation view.

Technical analysts note that if the share price breaks above resistance at S$2.77, it's likely to resume its uptrend and potentially reach S$2.99, providing the catalyst for the stock's strong intraday performance.

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The stock has formed a &#34;higher low build-up range&#34; on technical charts between S$2.69 and S$2.77 since mid-January 2026, with the moving average convergence divergence indicator holding above the zero line during the current consolidation phase, supporting a bullish continuation view.</p><p>Technical analysts note that if the share price breaks above resistance at S$2.77, it&#39;s likely to resume its uptrend and potentially reach S$2.99, providing the catalyst for the stock&#39;s strong intraday performance.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"OV8.SI","symbol_name":"昇菘","start_time":0,"source_url":"","article_id":"1147630729","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1147630729","pubTimestamp":1770255631,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Sheng Siong's stock soared 3.25% during Thursday's intraday trading session, driven by technical analysis indicating a potential breakout from a consolidation pattern.According to market analysis,...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"OV8.SI":"昇菘"},"translate_title":"个股轨迹|升菘盘中大涨3.25%技术突破信号","themeId":"c9feb81ae422e52507e408d59df865b4","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"OV8.SI":1},"content_text":"Sheng Siong's stock soared 3.25% during Thursday's intraday trading session, driven by technical analysis indicating a potential breakout from a consolidation pattern.According to market analysis, Sheng Siong's share price could break out of a 'cup and handle' pattern to the upside after consolidating sideways since mid-November 2025. 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