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, March 9, 2008

SGX 070308

SGX broke the long term uptrend support (low green) on 1 mar, and even went on to break the 7.65 (17 aug low) on 5 mar.

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SGX has now also broken the long term downtrend support (red) on 7 mar. SGX is currently trading within the downtrend channel (red --). If SGX continues to trade within this channel, we might see it testing the 6.00 soon.

For monday :

Support @ 7.00 (low pink), 6.946 (mid red --), 6.458 (low red --)
Resistance @ 7.223 (red), 7.695 (upp red --), 7.89 (upp pink), 8.23 (low green)

Good Luck !!
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