We did said that we spotted players momentum in Chip Eng Seng. The last time when we commented it is at $0.91. We said that "short term resistance is at $0.97-$1.00, but i am willing to hold through it"
Last article titled: "Singapore Stock Tip: Chip Eng Seng showing accumulation"
http://www.danielloh.com/2015/01/singapore-stock-tip-chip-eng-seng.html
Indeed, recently this stock retraced from my resistance area. In fact it touched recent high of $0.99 before retracing a bit to $0.96 now. We are right.
However like what I mentioned in our last post, we are willing to hold through this retracement, if there is.
This is a strong fundamental stock. Both from the fundamental and technical perspective, our target of $1.10 is still unwavered.
Rgds
Daniel
