Singapore Exchange (SGX): Testing 200D SMA Support

Singapore Exchange (SGX) has dropped about 11% since the May 2015 high of $8.80. Base on current chart pattern, SGX has broken the uptrend support and currently testing 200D SMA support at about $7.75.  Current uptrend support has now turned to resistance. Keep a close eye on the current support level ($7.84 and $7.75) to see whether there is a change in trend for SGX. It is good opportunity to short sell SGX if these supports are broken because SGX will enter into bearish territory and starts down trend.

2015June16-SGX

Original post from My Stocks Investing Journey.