Shares & Derivatives
Stock Chart: SGX, Wilmar!
By Dou  •  December 28, 2010
On Tuesday, SGX re-test the resistance at $8.38 and closed at $8.37 with LOW volume of 1.97 million shares traded. A white candle stick with no upper/lower shadow affirms that the investors have no qualms on buying the stocks up. Both RSI & MACD are bullish as MACD just perform a “golden cross” today. Important Resistance of SGX: $8.38 Immediate Support of SGX: $8.21 Currently prices are resisted by 20/100 days MA at $8.38 For the past 2 days, SGX rebounded from the support at $8.21 and re-test the resistance at $8.38. Although we would not advise to buy SGX till the merger news is out but do monitor for any breakout at $8.38 minor resistance if interested since the prices display signs of reversal. On Tuesday, Wilmar re-test the support at $5.58 and closed at $5.63 with regular ......
Read the full article
By Dou
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance