Saturday, December 26, 2015


Singapore Exchange (SGX) - 26th Dec 2015

From TA piont of view it is hovering on a neutral / consolidation mode as reflected on the chart with both 14 SMA(Red line) & 25 SMA(Blue line) line staying flat/straight line position.

MACD indicator is staying above 0 which may provide some positive indication for share price to head higher. It will need to breakout $7.70 with strong volume in order for it to trigger the changing of trend to move upwards. Breaking out of $7.70 may see it rises to $7.90.

If price dropped below $7.53 then perhaps this uptrend mode may not follow-through.
(trade/invest base on your own decision)

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