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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.

Tuesday, December 18, 2007

SGX 181207

I've shifted the downtrend resistance (red dashed) downwards to join the peak of 12, 17 and 18 dec.

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Looks like SGX is still on the down trend and trading within the channel (red dashed and green dashed).

If SGX breaks 12.00, we may see it testing 11.70 (24 sep low), which is also the support for tomorrow (green dashed).

Resistance for tomor @ 12.57 (red dashed)

Good Luck !!
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