Shares & Derivatives
THIS STOCK COULD GO EITHER NORTH OR SOUTH
By Singapore Stocks Investing (SSI)  •  April 27, 2017
In this post, we are looking at a new stock which makes a debut in terms of mentions on Singapore Stocks Investing blog. This stock is none other than New Silkroutes stock. New Silkroutes has a diversified business portfolio, from the trading of gas oil and fuel oil to big-data analytics solutions and cloud-based services, integration and network security solutions. Since trading at a high of $1.08 in Nov 2016, New Silkroutes stock has since corrected by about 66% to close at $0.72 (based on its stock price of 24 Apr 2017). New Silkroutes stock has since been consolidating around the $0.72 price level and is now hovering around its 200-Days-Moving-Average level. Should New Silkroutes stock head south of the aforementioned long-term moving-days-average, that will not spell good for the stock as it is a bearish indicator for the stock. I am not vested in this stock ......
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By Singapore Stocks Investing (SSI)
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