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Friday, January 1, 2016

SGX

SGX - 2nd January 2016

SGX seems to have bounced off from the low of $7.53 on 14th Dec 2015 and had managed to move up to close at $7.70 on 31st Dec 2015. This is rather positive.
Current price of $7.70 is staying above both 14SMA & 25SMA which is generally positive .
Also both MACD & RSI are rising upwards that may provide further strength to drive the share price higher.



Breaking out of $7.75 with nice volume that may provide further momentum to drive the share price higher towards $8.00 then $8.23 on a short term uptrend mode.

If price dropped below $7.53 then perhaps this uptrend mode may not follow-through.

Entry price - $7.75
Cut (Stop) Loss - $7.61
Target price - $8.00 to $8.23

(Trade/invest base on your own decision)

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