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.

Wednesday, January 2, 2008

SGX 020108

SGX most likely will be trading sideways for the next few days. However, it is still trading below the long term uptrend support (green).

Photobucket

From the chart, you will notice that SGX broke above the downtrend resistance (purple). However, it would need to break somemore resistance lines - the 2 upper blue lines + green line.

For tomorrow :

Support @ 13.02 (middle red, lower blue converge), 12.60
Resistance @ 13.31, 13.70

Good Luck !!
Posted by at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)