SGX – [ When Will The Selling End? Signs To Look Out For]

14th March, 2019, 8:00 AM

SGX – [ When Will The Selling End? Signs To Look Out For]SGX 14th March 2019

Chart Source: Poemsview 14th March 2019

SGX or Singapore Exchange as some may call it  took  a heavy beating over the past week down 10% since the high of $8.05.

News came out that the Hong Kong stock exchange would start trading derivatives contracts based on Chinese-listed shares pose a new competitive threat to SGX.

Since then SGX gave up 2 months worth of gains in just 5 trading days!

Now is the selling over? Is the selling overdone? Is a rebound in sight? Here are a few things we’re looking out for

  1. For support to hold at$7.20 if not the next level at $7.10 area.
  2. For the volume to start decreasing might mean that selling is slowing down.
  3. For the candlestick to be smaller and not such a long range.
  4. For SGX to regain its hold on the 200ma and even the uptrend line which it has broken down from

Keeping a close eye on SGX for the next few days.

Is SGX on your watchlist?

What’s your trade plan for SGX like?

It is important to have a sound and actionable trade plan in order to be discipline in your trades.

CLICK HERE to see how you can learn how to plan a sound and actionable trade plan and to be part of this EXCLUSIVE COMMUNITY to enjoy such value added services.

Yours

Humbly

Kelwin&Roy

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.

What’s your trade plan like? Having a trade plan is of utmost important!

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

We’re right here waiting!

Yours

Humbly

Kelwin&Roy