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The entire contents of this blog are meant for pure reading pleasure. Nothing on this blog should ever be taken as advice to trade under any circumstances. By entering and reading this blog, you have agreed that I am not in anyway responsible for your trading outcomes.

I am NOT A PROFESSIONAL FINANCIAL ADVISER, and the analysis is just a market novice's opinion.

Monday, May 17, 2010

SGX trading near its support


Recently SGX is trading at its support level around $7.65. The next strong support will be 7.50. Since the August of last year, SGX has never fall below this psychological price level. MACD indicator is also looking to improve for SGX with the recent trading days indicated by green bars and MACD line showing a expected turn for the positive, though like another other stock, SGX is also subjected to the general market risk and volatility in the short term.
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