SGX is trading in a Symmetrical Triangle. Potential rebound from here after seeing 2 Inverted Hammer at the Triangle Support. Alternate scenario the price target is $6.50 if SGX breakdown from this triangle.
Original post from https://mystocksinvesting.com by Marubozu.
Singapore Exchange (SGX) is currently trading within a down trend channel after breaking out from Head and Shoulder pattern. Current SGX has reached the breakout price target and also trading near the down trend support level & 38.2% Fibonacci Retracement Level. SGX may rebound from here after forming an inverted hammer candlestick pattern. Immediate resistance is at about $6.70 which is the down trend channel resistance and 20D SMA.
