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, April 13, 2008

SGX 110408

After testing the 8.95 resistance (red --) on 4 apr, SGX weakened and broke the long term uptrend support (green) and closed right on the downtrend support (low red) on 9 apr.

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SGX recovered a little and is now trading within the short term uptrend channel (blue). If SGX can maintain trading within this channel (blue), it might have a chance of breaking the uptrend resistance (green).

If SGX breaks below this channel (blue), we might see it testing the 7.64 support (blue --).

For monday :

Support @ 8.01 (low blue), 7.76 (low red), 7.64 (blue --), 7.36 (low pink)
Resistance @ 8.34 (green, upp blue), 8.50 (upp pink), 8.57 (upp red)

Good Luck !!
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