On Friday, SGX continue to trend downwards and closed at $7.80 with LOW volume of 4.1 million shares traded.

A doji star occurred (where a doji gaps above or below the previous candle). This often signals a reversal with confirmation occurring on the next bar.

Both RSI & MACD are bearish as RSI continue to trend downwards.

Important Resistance of SGX: $7.86

Immediate Support of SGX: $7.55

Currently prices are well below 20/50/100/200 days MA.

Yesterday prices broke the critical support at $7.86 with low volume and this could signify pullback to come ahead.

We will be monitoring if prices can recover above $7.86 in the coming week since no heavy selling pressure can be observed.

If heavy selling were to be triggered, we would be looking for the critical support at $7.27 for any signs of consolidation.

On Friday, Kepcorp undergo profit ...