Singapore Exchange (SGX) Continues in the Down Trend Channel

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.

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  1. Marubozu

    SGX is getting close to the down trend channel resistance at about $6.80. Need to wait for a pull back first before the trend reversal can be confirmed.

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