Singapore Stock Exchange (SGX) has been on the down trend after breaking the 200D MA support. When will SGX stop the free falling? Next two supports to watch at $7.20 and the 50% Fibonacci Support at $6.915. Expect a rebound at this 50% FR Level but need to see whether the free fall will stop here.
Golden Agriculture is testing the 200D MA support for the 6th times. If this 200D MA support is broken, Golden Agri may reverse the uptrend to down trend. MACD is also going to show a bearish signal. Next immediate support is $0.57 which is the 61.8% Fibonacci Support Level.
Indo Agri’s down trend is confirmed after showing a “Lower High, Lower Low” chart pattern. In addition, Indo Agriculture is trading below 20D, 50D and 200D MA. 20D MA has also crossed down 200D MA which is a bearish trend. Next support is $2.14.
