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S63 - Singapore Technologies Engineering News Story

S$3.71 -0.0  -0.3%

Last Trade - 14/05/21

Sector
Industrials
Size
Large Cap
Market Cap £6.17bn
Enterprise Value £6.81bn
Revenue £3.82bn
Position in Universe 261st / 6102

BUZZ-Singapore's ST Engineering at near 1-1/2 year high; chart suggests more upside

Thu 7th February, 2019 4:57am
** Shares of Singapore Technologies Engineering Ltd
 STEG.SI  gain as much as 1.9 pct to S$3.76, highest since Aug.
14, 2017
    ** Stock breaks https://fingfx.thomsonreuters.com/gfx/mkt/11/6088/6025/STEG.jpg
 above a resistance at S$3.75, the 100 pct Fibonacci projection
level of the uptrend from Dec. 20, 2017 low to April 12, 2018
high (wave A)
    ** Breakout suggests, in the near term stock may rise up to
the next resistance at S$3.828, the 114.6 pct projection level
    ** Trend intensity(TI) indicator rises to 24, suggesting
prices are trending upwards; MACD is positive and above its
signal line
    ** Stock up 5.73 pct this year as of last close, compared
with the broader index's  .STI  3.77 pct gains in the same
period
     
     

 (Reporting by Gaurav Dogra)
 ((gaurav.dogra@thomsonreuters.com;))
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