Uptrend resuming

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SHIN ZU SHING CO 3376 is looking at a resumption of the uptrend after price action indicates a strong bullish after breaking above the bullish flag and it has successfully cleared above the bearish gap zone which occurs on 10 Apr 25. We believe further upside is likely to continue as long-term MACD’s histogram and its signal/MACD line has returned to the upside. Stochastic has risen steadily. Volume is also in a healthy position. Short-term target is at 282.50 while long-term target is at 345.00. Support to accumulate on pullback is at 209.20.

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