This stock has headed south from its 52-weeks high of $1.10 to the current price of $0.91, an approximately 17% decline. Right now, this stock is oversold, according to the RSI chart with its RSI now at 13.5. This stock has a dividends history, suggesting an average dividends payout of around 4% which is rather decent. Also, on the technical chart, the price has crossed from above the 200-Days Moving Average which is a typical downtrend sign. So what is this stock?Well, it is none other than Sheng Siong stock.
Sheng Siong stock commenced the trading year at $0.835 and with its highest price for the year 2016 at $1.10, Sheng Siong stock might have been seen as a multi-bagger stock with this 30% upside. But soon reaching the $1.10 high, Sheng Siong stock started to head south, eroding most of the gains ......