Disclaimer

Disclaimer:-Please note that all such analysis is provided by way of information only. All of the information was and should be taken as having been prepared for the purpose of reference only and that none were made with regard to any specific investment objective, financial situation or the needs of any particular person who may receive the analysis. Any recommendation or advice that may be expressed in or inferred from such analysis therefore does not take into account and may not be suitable for your investment objective.

Sunday, December 9, 2007

SGX 071207


SGX brokeout from longterm support a on 30 nov with volume, and it has been trading quite nicely with the uptrend channel of b and c.


Photo Sharing and Video Hosting at Photobucket


However, on 6 dec, SGX hit the downtrend resistance d @ 15.70 and closed @ 14.90 which is just below the uptrend support b.


7 dec saw SGX opening just above uptrend support b before closing way below, almost touching the uptrend support a.


Monday sees SGX testing support @ 14.00, which is critical.


Resistance for monday is @ 15.28 and 15.65. If SGX breaks up from 15.65 with volume, it may signal a trend reversal.


Good Luck !!
Posted by at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)