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Friday, 8 July 2016
SGX Technical Analysis: 8 July 2016, Friday, 10.44am Singapore Time
SGX Technical Analysis:
8 July 2016, Friday, 10.44am Singapore Time
Attached above is the technical analysis of Singapore Exchange Ltd (SGX), the stocks exchange of Singapore. It underwent 2 large consolidations (large pink and blue descending wedges: Bullish). Its main waves are illustrated in Green. There are many supports acting as pivots now for the stock to go up as a big wave, amidst the public media calling for financial market crashes after Brexit.
Stocks in Singapore will see volumes flooding into the market again in 2017 and 2018.
Stocks in Asia-Pacific will see volumes flooding into the region again too in 2017 and 2018.
You have been forewarned.
DNA Technical Rating:
Expected to rally for the rest of 2016 and 2017. (Target Price: Break up the entire high of the above attached chart of SGX)