SGX - opportunity to stake?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 analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
S68 trade ideas
SGX - Bearish divergence?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 analysis :)
SGX [1-3 months view]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 still holding above the long term ascending trendline support.
SGX (Buckle Up!)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.
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Ideas on the SGXTrend :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"
Swing: Bearish trend is here to stay (16/04/19)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 can see price revisit 6.86.
Trade Set-up:
EP: 7.32
SL: 7.60
TP: 6.86
Best Regards,
Nour Capital - Tracking Smart Money Flow
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The material (whether or not it states any opinions) is for educational purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by Nour Capital or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
SGX - bullish divergent on weekly chartThere 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
S63 LongbuylongsellAs 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.