Singapore Exchange (SGX): Trend Reversal?

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Looks like SGX is reversing the trend after breaking out from the down trend channel. If SGX is able to hold above the $6.66 support (also 20D SMA), this trend reversal (to up trend) is confirmed. Immediate resistance is at $6.80 which is also the 61.8% Fibonacci Retracement level.  There is also a possibility of forming an Inverted Head & Shoulders with neckline at $6.80.

Previous SGX Stock Chart Analysis.

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