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, July 6, 2008

SGX 040708

Since our last visit on 13 Jun, SGX continued to trade within the downtrend channel (red), and has broken quite a few supports along the way.

SGX is now trading below the 6.68 neckline (red --) and also the long term downtrend resistance (mid pink).

We would probably see SGX trading between the 6.68 resistance (red --) and 6.43 support (green --) next week.

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For monday :

Support @ 6.43 (green --), 6.40 (low pink, mid red)
Resistance @ 6.68 (red --), 6.78 (mid pink), 6.90 (upp red), 6.92 (green ...)7.09 (red ...)

Hope you find my analysis helpful. Thank you for your support !!
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