SGX    Last:21.74    -0.14

SGX

The market is still in an up-trend. The Straits Times Index is likely to retrace to the new support level at 2900, but the primary trend remains upward. Respect of support at 2900 would present a buying opportunity. 

 

Chart shows uptrend, but in reality the market is down for few days already.

 

Singapore Exchange [S68] is testing medium-term support between 6.90 and 7.00. Twiggs Money Flow remains a healthy 23%, however, and recovery above 7.00 would present an early buying opportunity.

 

 

I agree. Singapore Exchange showed up in my scan of potential breakouts this week.

 

21-day Twiggs Money Flow (holding above zero) indicates buying pressure. Recovery of 63-day Momentum above zero signals a primary up-trend. Breakout above $7.30 would confirm.

krisluke      ( Date: 25-Jan-2012 15:26) Posted: Singapore Exchange ($6.33) — Poised for breakout Written by The Edge     Monday, 23 January 2012 13:54 Share this Digg Del.icio.us StumbleUpon Netscape Yahoo Technorati Googlize this Facebook Export PDF Print E-mail As a blue chip, this counter is probably a laggard. Prices are only just challenging resistance at $6.30. The still-falling 100-day moving average is at $6.33. Volumes are picking up, and have shown significant increase since the moribund days of December.    Quarterly momentum is attempting to hold on to an upside break. If it manages to do that, prices could try to break out of the $6.30-to-$6.33 resistance area. A successful break indicates a target of $7.20. The fail-safe level is tight, at $6.25, below which the downtrend may continue.

 

I think can buy SGX today.

Entry: $7.19 and Above

Stop-Loss: $7.09

Target: $7.65

More on my blog at Alex Trades.

Good luck.

 

I can buy more on Monday.....

 

SGX earning will increase as long as trading volume remain high, whatever if the market is up or down.

If down, buy more, trading volume remain high. SGX value is up.

Leonkoh73      ( Date: 10-Feb-2012 09:51) Posted: may power be with this counter.. vested heavily but still at a loss. doing well today S$7.33 already

 

may power be with this counter.. vested heavily but still at a loss. doing well today S$7.33 already

 

On Thursday, SGX broke the resistance at $7.27 and closed at $7.29 with HIGH volume of 4.95 million shares traded.

A long lower shadow occurred.  This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold).

Three white candles occurred in the last three days.  Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.

Both RSI & MACD are bullish though RSI already in overbought region.

Important Resistance of SGX: $7.41

Immediate Support of SGX: $7.27

Currently prices are well above 20/50/100/200 days MA.

Prices broke the critical resistance at ..............    READ MORE

 

 

profit at 7.05

GuavaXF30      ( Date: 16-Dec-2011 10:06) Posted: I think you will see SGX below 5.00 next year. The market will see very low valuation and volume in 2012.... Belteshazzar      ( Date: 16-Dec-2011 09:36) Posted: just pr @ 6 same as ceo got pr

 

am sure this year see lots more volume than last year and hopefully that will bring up the price of SGX again

  now hitting S$7 soon! am still in the red but hope that price hit 7.50 soon over the weeks to come!

 

 

Things look positive now and volume might pick up soon.........

 

Volumes pick up only for the last few days only. But overall still quite low.

 

Singapore Exchange ($6.33) — Poised for breakout

Written by The Edge

Monday, 23 January 2012 13:54

Share this Digg Del.icio.us StumbleUpon Netscape Yahoo Technorati Googlize this Facebook Export PDF Print E-mail As a blue chip, this counter is probably a laggard. Prices are only just challenging resistance at $6.30. The still-falling 100-day moving average is at $6.33. Volumes are picking up, and have shown significant increase since the moribund days of December.    Quarterly momentum is attempting to hold on to an upside break. If it manages to do that, prices could try to break out of the $6.30-to-$6.33 resistance area. A successful break indicates a target of $7.20. The fail-safe level is tight, at $6.25, below which the downtrend may continue.

 

CIMB on SGX

  http://sg-shares.blogspot.com/2012/01/sgx_18.html 

 

Get all SGX Singapore Stock Picks on mobile free - Check here -  goo.gl/usPCV 

 

Kim Eng on SGX

  http://sg-shares.blogspot.com/2012/01/sgx_17.html 

 

Seems stuck in a range of $6.10 - $6.20

 

News from The Business Times.

http://sg-shares.blogspot.com/2012/01/sgx.html