Prices of Sinomen Technology surged & gap up today on the nes of its takeover by Clean Water Investment at S$0.70 per share (31.6% premium to Sinomen’s NAV/Share) and 28.4% premium. Key resistance will be at 0.725 which represent upside at only 6%. Accumulate at consolidation towards S$0.65 will be favorable. Key support will now be at $0.575. OBV has…
Tag: Sinomen
