Singapore Exchange (SGX) broke $6.00 psychological support and looks like breaking down from a Descending Triangle. Price target for the breakdown is $5.225. SGX is still on down trend channel
Original Post from My Stocks Investing Journey.
The trading range is getting narrower for CityDev. A Descending Triangle is formed on CityDev and very close to the breakout. The previous post on the analysis on watching this $10.00 critical support is still valid. Short term price target of breaking down of this Descending Triangle is $8.50. 200D MA is trending down which is also a bearish sign. Base on the chart pattern, I don’t know how long the SUPERMAN can hold on this $10.00 support. So, it is better to play safe and RUN! Anyway, I am already in Short Position! 😉
Synear is currently Forming A Descending Triangle. The support is about $0.21 to $0.22 level. Synear is on long term down trend as the 200D MA is slooping down. Watch out for a breakout.
