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


forex no deposit bonus
14th March, 2019, 8:00 AM

SGX – [ When Will The Selling End? Signs To Look Out For]algo investing.com/wp-content/uploads/2019/03/SGx.png” alt=”SGX 14th March 2019″ width=”964″ height=”561″ srcset=”http://algo investing.com/wp-content/uploads/2019/03/SGx.png 964w, http://algo investing.com/wp-content/uploads/2019/03/SGx-300×175.png 300w, http://algo investing.com/wp-content/uploads/2019/03/SGx-768×447.png 768w, http://algo investing.com/wp-content/uploads/2019/03/SGx-600×349.png 600w, http://algo investing.com/wp-content/uploads/2019/03/SGx-698×406.png 698w” sizes=”(max-width: 964px) 100vw, 964px”>

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

The post SGX – [ When Will The Selling End? Signs To Look Out For] appeared first on algo investing.

binary options social trading

Leave a Reply

Your Name (required)

Your Email (required)


Your Message