SGX    Last:14.08    +0.12

SGX

I think SGX is on a TA downtrend (Acc/dist and chaikin down) but the fall today isn't really bad. 

 

broke below long term support. technical rules say cut already. ordinarily would expect a tech rebound since williams is oversold; but long term trend seems to be forming a double dip. look to aug 17th as lowest possible. trade with care.

 

"Buy low, sell high" is great...

But "buy low-low" (not averaging, though)  is even better... 

 

Hmm ... ... Double top, support at 12.10 broke.  Highly possible to head south, plus, good news unlikely to come from U.S tonight (statistic on consumer credit) & friday night (import price index).

 

With the DOW down by 238 points and more to come, $12 suport is easily remove......

What's next....

singaporegal, what's your observation for the coming weeks....thinking of buying soon when the entry price get attractive. Thanks.

 

if dont go below 12, should be ok?

 

Alamak .... TA charts just took a dip southwards...

 

Thanks Simck001, may I know how did u come to the conclusion.  Hope to learn more from you, tks in advance.

 

It would go down a bit more before it makes a U turn.

By TA. 

 

Hi

Anyone knows where's SGX heading?, now the price is like that time when it rebounded after hitting below 12.50 all the way to $15. Since STI heading green, shouldn't SGX also head up. 

Any kind souls to advise pls.

 

Overall trend is still uncertain. Rebound may just be technical in nature.

 

Thanks Elf for sharing ......

and Merry X'mas.....

 

 

 

Elfin... :)

Nah.... Nowadays, I rely more on those gutsy feelings whenever I trade... 

Like in music technicals, TA is just the rudiments... 

Good to have you 'pop in' at this time...   

 

ahahah manikamaniko, still got a lot to learn from ya. cheers and merry xmas to you too! :)

 

Elfin... :)

hahaha... you are close to having mastered the arcane techniques of technical analysis... 

Merry Xmas... 

 

short term tech rebound: up.

mid term: need to break previous high, at least 14.9, to confirm reversal leading to uptrend.

short term stochs is up, but long term macd doesn't show any reversal (ie, long term appears down).

repeat: below 12, run.

it's not the px, it's the trend. cheaper doesn't always mean better.

likely rangebound this period: 12.1 to 13.5. unless net external forces act (newton's laws of motion ahaha.)

may have better chance with calls, winstontkl. hehe. the one pinnacle was watching: SGXMBLeCW080401. strike px 0.07-0.075. stop loss 0.06-0.065; decide what you can stomach. expect target at least 10c. if can break 14.9, it'd be 15c.

caveat emptor, not vested. all only suggestion; you pull the trigger, you bite the bullet yourself. the elfie disclaims any responsibilities for losses or gains on your part. esp when i'm giving such a precise reading. ahahaha.

meeeerrry xmas!  

 

So should buy PUT????

 

 

You mean the best is over for these few stocks ? and the trend has reversed downwards now ?

 

tech rebound likely soon. key factors: HSI opening, dow tonight. williams is way oversold already and busd is starting to show buys. don't jump first tho, nd to watch the two key factors. play it fast and furious. for sgx, cosco and sti. and long term is downtrend, so be careful; it's a bounce, not a real uptrend.

 

Indeed, i silently thanked my boss for calling me up for the adhoc meeting...