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Thursday, March 10, 2016

SGX

SGX - 10th Mar 2016

SGX after hitting the low of $6.61 on the 19th Jan and had been able to stage a strong recovery to head higher to touch $7.70 4th Mar 2016. This is rather bullish.


The current price of $7.64 is staying above the SMA lines which is generally rather positive.

Also Macd is still trending upwards which may provide further catalyst that the share price may continue to head higher.

A strong breakout of $7.70 ( the major resistance) with good volume that may propel to drive the shar price higher towards $8.00 then $8.55.
(trade base on your own decision)



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