On Friday, SGX re-test the resistance at $8.62 and closed at $8.60 with HIGH volume of 5.6 million shares traded.

A white candle stick with long upper shadow indicates the fears of the investors that prices may pullback anytime.

Both RSI & MACD are bullish as RSI trend upwards.

Important Resistance of SGX: $8.62

Immediate Support of SGX: $8.38

Currently prices are supported by 50 days MA at $8.38

On 19/Jan, SGX re-test the critical resistance at $8.73 with high volume but failed.

However things are looking bullish for SGX as investors may push the prices above the $8.73 anytime from now and it is a very bullish signal.

For investors who are interested in SGX could watch for the breakout at $8.73 in the coming week since the breach of the critical resistance is a sign of reversal from a ...