laughingchartist

SGX [1-3 months view]

SGX (SGX:S68)  
laughingchartist 업데이트됨   
SGX:S68   SGX
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.
거래청산: 타겟 닿음:
1st Trading idea TP at 8.70 reached.
Will probably update to see how price will move again.

It was a long shot to forecast too far into the future regarding how price would bounce after it has reached 8.70.

Suppose one of you wants to build a tower. Won’t you first sit down and estimate the cost to see if you have enough money to complete it? - Luke 14:28
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