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.
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.