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 2, 2008

SGX 290208

The closest SGX came to testing the 11.00 psychological resistance was on 25 jan. After that, it has been a downhill ride for SGX.

Photobucket

From the chart, you can see that SGX is trading within many downtrend channels. From the big picture, you can also see that SGX is getting closer and closer to the long term uptrend support (low green).

If that support breaks, we might see SGX testing the 7.65 low on 17 aug.

For monday :

Support @ 8.338 (upp red --), 8.20 (low green), 8.032 (low pink), 7.78 (low red --), 7.558 (low red)
Resistance @ 8.60 (upp pink), 8.896 (upp green), 9.34 (upp red)

Good Luck !!
Posted by at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)