SGX closed its gap, wait for a pullback to enter? What is the indicative dividend yield that may appeals to you?
4 July 2012. Like SPH, SGX has closed its gap of 6.53 - 6.55 (highlighted in yellow). But it has yet to close above the gap resistance of 6.53 - 6.55. It closed at 6.48.
As shown on the chart, a move below 6.45 may see the possibility of SGX testing its 38.2% Fibonacci Retracement of 6.35 - 6.36 based on the rise of low 6.05 to high 6.55, followed by 6.30 and 6.24-6.25
A move above 6.55 may see the possibility of testing the 50% Fibonacci Retracement of 6.60 based on the fall of high 7.15 to low 6.05, followed by 61.8% Fibonacci Retracement of 6.730. The level of 6.......
