Straits Trading Co/Ltd (SGX: S20) Impulse bullish upside is set to return after a slight correction:
*Expected timeline of the trade is 15 weeks from the date of report issuance.
*Should the price fail to sustain above $3.60, then the next likely move will be the price moving down to the major support zone at $3.32, which confluences with the 161.8% extension level of wave (a)-(b).
Ichimoku Kinko Hyo
Red dotted line = 26 periods Kijun-Sen
Blue dotted line = 9 Periods Tenkan-Sen
Green Line B= 52 periods Senkou Span B
Pink Line A = 26 periods Senkou Span A
Black line = 26 periods Chikou Span. Lagging line
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