SGX is still trading in a down trend channel and have reached the 38.2% Fibonacci Support. If this support is broken, SGX will be heading towards the 23.6% Fibonacci Support at about $5.22. All 20D, 50D and 200D MA are trending down and have no sign of reversal or bottom up yet.
- Post author:Marubozu
- Post published:October 20, 2011
- Post category:Singapore Exchange (SGX)
- Post comments:1 Comment
Tags: Down Trend Channel