$SIA(C6L.SI)has broken out of a long-term descending triangle that has been forming since early 2023 — a base of nearly 1.5 years.
The breakout above the downtrend line occurred around 6.79 SGD, and price has since pulled back to retest this breakout zone, which is now acting as support.
The successful retest and rebound from the breakout line is a positive technical sign that confirms prior resistance is turning into support.
RSI shows bullish momentum recovery, aligning with price stability above 6.79.
Key Levels:
Support: 6.79 (breakout level)
Next resistance: Around 7.16, followed by prior high near 7.35