SGX – Bearish Convergence!

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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).
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