On the 16 Dec, I made a move to buy Singapore Exchange Limited @ $8.40. At that price SGX will be trading near a support level but now this counters seems to have dropped further. Looking at the chart, SGX can now drop to a level around $8.00. If $8.00 doesn’t hold, the next support will be around $7.70.
It’s time to admit a bad call and cut our losses.
Sell SGX @ $8.25.
