Singapore Exchange breakout from the Rectangle after XD date. The rebound from $7.40 was rejected by the 20D SMA (note: 20D SMA is quite a reliable support & resistance for SGX base on past pattern). The recent support of $7.41 is the critical support to watch. Breaking this support will send SGX to the price target of about $7.175 (the 200D SMA & 161.8% FR).
- Post author:Marubozu
- Post published:April 30, 2013
- Post category:Singapore Exchange (SGX)
- Post comments:2 Comments