07 Mar '12, 4pm

Stock Chart: SGX!

Stock Chart: SGX!

On Wednesday, SGX broke the resistance at $7.27 and closed at $7.29 with HIGH volume of 4.95 million shares traded. A doji star occurred (where a doji gaps above or below the previous candle). This often signals a reversal with confirmation occurring on the next bar. A falling window occurred (where the bottom of the previous shadow is above the top of the current shadow). This usually implies a continuation of a bearish trend. The two candles preceding the falling window were black, which makes this pattern even more bearish. Both RSI & MACD are bearish as RSI trend downwards. Important Resistance of SGX: $6.91 Immediate Support of SGX: $6.62 Currently prices are resisted by 200 days MA. For the past 2 trading sessions, prices have been falling with heavy selling pressure as the support at $7.10 broke. The support at … Tagged as: SGX Read the full article → Related posts:...

Full article: http://thefinance.sg/2012/03/07/stock-chart-sgx-2/

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SGX: Heavy selling.

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