For SGX, I am seeing limited upside before it reaches our sell entry, in line with our 50% retracement and previous breakout level where we could see a reversal below this level.
Updated View On SGX (29 MAY 2020)
SGX had a great fall and it has touched to strong swing support region $8 in recent days.
That's the reason why we are seeing some pullback action.
The pullback action may bring the price up higher but s long as it can't swing back above $9.2 region, we will expect to see more bearish actions soon.
DYODD, all the best and...
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...
SGX crashed spectacularly after announcing that they are loosing some MCSI index licenses. However it tested a longer term trendline at 8.13 and has been rebounding from there. Long @ 8.28 this morning with initial stop a few ticks below 8.13 (the recent low). WIth a view to take partial profits at 9.00 and trail the rest up.
Disclaimer: This is just my own...
Thus far, this counter has been trending within Fib channel. As of weekly chart, it shows bearish bias on potential short term retracement.
Feel free to share your thoughts comments box. Note: This is not financial or investment advise. It will be good to always understand the risks involve in trading. Always trade with stop loss in place. Thumbs up if u like the...
SGX has broken out and has been very strong. While most stocks trading below 50% retracement levels from the previous highs, SGX has already taken out the previous high and now looks like headed higher.
Disclaimer: Not an advice to buy or sell.
I expect SGX in the short term to pull back towards 8.70 as long as it is holding below 9.38. After which, we should see a bounce reaction from 8.70 towards the alternative case target at 9.75.
Essentially, this is 2 trading ideas in 1.
Part 1: SGX to push down towards 8.70
Part 2: SGX to bounce and move higher to 9.75 thereafter.
Reason being that price is...
Updated View On SGX (10 Jan 2020)
Recently SGX is meeting some bump in it uptrend move.
I believe it is pretty normal to have a pullback as it rose too fast to sustain.
It will swing back a little lower first and it shall rise again.
I expect $9.07-$9.20 will be some tough resistants to break.
DYODD, all the best and read the disclaimer too.
Feel Free to...
Trend :Bullish
Formation : Bull Flag
Breakout : 9.10
Please look for a breakout before you enter. Always have your own trading plan , please take a look at my entry and TP . Set your own stop loss
Feel free to post any comment/question. I am more than willingly to reply you back :)
Quotes "The key to trading success is emotional discipline"
Based on the charts, SGX looks pretty bearish in the coming weeks/months ahead. 7.32 will be a tough resistance level for price to breach and we expect the bearish sentiment to continue. The heavy sell down on 12 March 2019 indicates sellers are heavily in control. 7.17/7.09 will be the next support level, should buyers failed to support the mentioned levels, we...
There is a bullish divergence on the weekly chart (price made a higher low while stochastic made a lower low). This increased the odds of a rebound soon. I will look to trail my stops along fib levels from 50% to 61%, ie a small target about 5% over the next few weeks. I will place my initial stop loss a few cts below the recent low of 7.22
As per LBLS BG has turned green and bars are now green. Consider buying at current price with SL at the indicated green line. SGX has been on a decline for some time and buyers are cautiously coming in. One can expect the price to retrace slightly as opportunists day trade, but the overall picture should be price advancement.
![S68: SGX [1-3 months view]](https://s3.tradingview.com/f/FrxYExUs_mid.png "SGX [1-3 months view]")
