SGX has started the correction. Standard Six Technical Indicators showed Bearish signal.
- MACD showed Bearish Convergence.
- RSI & Stochastic are heading south.
- Parabolic SAR line on top of stock price.
- Stock price is under 20D and 50D MA.
- Stock price is at the lower Bollinger Band.
Immediate support at $7.65 and critical support at $7.028 (61.8% Fibonacci Retracement Level).