SGX after hitting the high of 8.05 on 20th April 2016 it had since gone lower to touch 7.40 on 4th May 2016. This is rather Bearish.
The current price of 7.43 is hovering below the SMA lines which is generally rather negative.
Both Macd & Rsi are pointing downwards which may provide further indication that the share price may continue to trend lower.
Short term wise looks like it may continue to trend lower towards 7.21 then 7.00 with extension to 6.60.
(trade base on your own decision)
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