SGX – [ Getting Tired? Need A Rest? ]
Chart Source: Poemsview 18th Sept 2019
SGX has seen a nice run up recently but like most stocks after a good run it’s always good to take a break.
The question is, is that break due for SGX? To help us answer that question lets take a look at SGX chart.
From yesterday’s closing, SGX has finally closed below its 5ema which hasn’t happened in awhile. The moving average are converging which might lead to a cross over which might bring some retracement. SGX couldn’t break above its horizontal resistance of 8.61 for the last few sessions.
With that we might see some downside for SGX in the near term. Want to know how to take advantage of the downside?
On 23rd Sept we’ll be conduct a workshop on how to use CFD to short and also reveal one of our trading secrets using the moving averages.
Shorting plays an important role in achieving consistent trading results and not knowing how to do it can seriously handicap a trader.
More details below
Date: 23rd Sept
Time : 7:30-9:30pm
Registration is a must and can be done via the link below
See you there