On Wednesday, SGX broke the resistance at $7.27 and closed at $7.29 with HIGH volume of 4.95 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.
A falling window occurred (where the bottom of the previous shadow is above the top of the current shadow). This usually implies a continuation of a bearish trend. The two candles preceding the falling window were black, which makes this pattern even more bearish.
Both RSI & MACD are bearish as RSI trend downwards.
Important Resistance of SGX: $6.91
Immediate Support of SGX: $6.62
Currently prices are resisted by 200 days MA.
For the past 2 trading sessions, prices have been falling with heavy selling pressure as the support at $7.10 broke.
The support at ...
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