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.

Thursday, March 27, 2008

SGX 260308

SGX broke out of the long term downtrend channel (red --) at the beginning of the week and is currently trading within the short term uptrend chaanel (blue).

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There were some softening detected today, which could be due to profit taking. If SGX managed to break the downtrend resistance (upp red), we might see it testing the long term uptrend resistance (green).

For tomorrow :

Support @ 7.40 (low blue), 6.894 (low red)
Resistance @ 7.63 (upp pink), 7.70 (upp red), 8.29 (green, upp blue)

Good Luck !!
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