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Juliac
Jun 19, 2020 3:17 AM

SGX - Time is Ripe for recovery Long

SGXSGX

Description

SGX has been testing the Trendline Support around 8.15 in the past month. Today it tested this level again and is now bouncing just a little above the trendline. However it a weekly bullish divergence (between the stock price and stochastic) is now forming. The chance is better now for a slow recovery to to the upside with initial stop loss just below 8.10.

Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.

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