My Stocks Investing Journey

Singapore Exchange (SGX): Bearish Long Term Outlook

SGX is still trading within a long term Broaden Descending Wedge (Green). In a medium term, SGX has formed a Descending Triangle (Blue) in 3 months.  Currently SGX is testing the Descending Triangle’s resistance (at about $7.596) but this resistance is quite challenging to be broken as it is also combination of 20D MA, 50D MA and [...]

Chart Patterns – Ascending, Descending and Symmetrical Triangle

SGX – In A Bearish Descending Triangle

SGX stock price is gyating in a Descending Triangle. Normally this chart pattern (Descending Triangle in an up trend) is bearish and will reverse the trend. If SGX breaks down the Descending Triangle support line, the stock price may go down to $6.90 to $7.00 range.