SGX – [ Rebound Came As Blogged From Last Week, Filled The Gap, Next Target? ]

22nd October, 2018, 5:20 PM

SGX – [ Rebound Came As Blogged From Last Week, Filled The Gap, Next Target? ] SGX 22nd Oct 2018

Chart Source: Poemsview 22nd Oct 2018

SGX or Singapore Exchange just released its results for their  first quarter, more can be read HERE.

In addition, analyst have a rating ‘Buy’ for SGX too. Read about it HERE.

But did you see our blog last week?  We mentioned last thursday that if SGX manages to break above it $6.95 resistance it might cover the gap to reach $7.01 and $7.05 eventually. It reached all our targets and even exceeded it to reach $7.10.

What’s our next target? If SGX manages to close above $7.09 then we might see it attempt to reach $7.23 in the coming days.

SGX closed below $7.09 so lets watch the next few days to see how it performs.

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We’re right here waiting!

Yours

Humbly

Kelwin&Roy

SGX – [ Is Singapore Exchange Due For A Rebound?]

18th October, 2018, 3:32 PM

SGX – [ Is Singapore Exchange Due For A Rebound?]SGX 18th Oct 2018

Chart Source: Poemsview 18th Oct 2018

SGX recently announced some market statistics for Sept 2018 which didn’t look too good for the exchange and it started fall. Market volume was generally down which meant that the exchange might have lower revenue. Coupled with the drop in Dow Jones, that made SGX fall quite  a fair bit from $7.25 to $6.81. Read about the market statistics HERE .

Currently SGX seems to be in a consolidation with the support at $6.81 and the resistance at $6.95. A break above $6.95 might see it moving to cover the gap till $7.01 and if market sentiments improve it might take us to $7.05.

A pullback from here to $6.81 might present a chance for entry but if $6.81 breaks and market turn then this trade wouldn’t be valid for us.

What’s your trade plan like?

If you need help with a trade plan you know who to Contact! 

We’re right here waiting!

Yours

Humbly

Kelwin&Roy

 

SGX – [ $7.21 Downside Target Met, Advanced Warning Given, $7.10 Next? ]

4th June, 2018, 8:12 AM

SGX – [ $7.21 Downside Target Met, Advanced Warning Given, $7.10 Next? ] SGX 4th June 2018

Chart Source: Poemsview 4th June 2018

SGX a blue chip stock and part of the STI component continued to fall last friday hitting our downside of $7.21.

The legal tussle between SGX and the NSE over the Nifty futures is hurting SGX. More can be read HERE. 

Our Exclusive Clients were warned beforehand before the drop when SGX was trading at $7.39. A nice 2% downside was seen within the week.

In fact this was the second stock that was covered and sent to our exclusive client over the week for them to plan their trade before the market opens.

This is just one of the many benefits of being our client. So much more awaits you.

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Yours

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Kelwin&Roy

 

SGX

12th September, 2016, 3:18 PM
SGX July 2016
SGX July 2016

SGX will go XD on 28 sept 2016 so do take note of that.

It is currently sitting on the uptrend line but looks like it might be breaking down from it. SGX can be a whippy stock so do take note ya. If it breaks the uptrend line more downside could be seen to the 200ma at 7.51 then to the horizontal support of 7.44 . Please take note of your stop loss too. A break above 7.75 might signal more upside and that’s where a stop loss can be placed.

Yours
Humbly

SGX, Sino G

13th July, 2016, 1:49 PM
SGX July 2016
SGX July 2016

SGX, it managed to recover to hit back into its uptrend line which shows strength and furthermore its candle today has a nice rebound pattern kind of like a hammer candle.

With that we might see more upside to 7.95. A stop loss could be placed at 7.71 while an entry is one pip above today’s high.

SINO Grandness July 2016
SINO Grandness July 2016

Sino G , worth taking a look. Supported by its uptrend line and being resisted by the 40 and 50ma. A clear of those resistance at 0.65 might see it move to 0.66 and then move up to the second uptrend line at 0.71. There was  a spike in volume today too which caught our attention. An anticipation entry can be at 0.655 and staying in till it hit our resistance line. Stop loss would be at 0.595.

Yours

Humbly

SGX, Noble

5th April, 2016, 11:28 AM
SGX
SGX Apr 2016

Another stock that we are looking for shorts is SGX. SGX currently is at is support of $7.72 and rebounded alittle towards closing. This support was previously the resistance and is now the resistance turn support. So if a break of $7.72 and staying below it would warrant us a short and with a stop loss of about $7.87.

Noble Group Apr 2016
Noble Group Apr 2016

Noble as you can see if bouncing off the uptrend support line at about 0.41, its is also the horizontal support line of 0.41 and a break below that might signal more downside to 0.385 first. Lets see where this goes from here.

Yours

Humbly