On Thursday, SGX trend sideways and closed at $7.07 with LOW volume of 0.679 million shares traded.

Both RSI & MACD are bearish as RSI trend downwards.

Important Resistance of SGX: $7.27

Immediate Support of SGX: $7

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

Since 6/Jun, prices have been consolidating between the critical support at $7 and resistance at $7.27.

The resistance at $7.27 is expected to be strong.

The selling pressure of SGX seems to ease as prices rest on the support at $7. Do consider buying if interested as it is a good entry level.

Important news

United Engineers Ltd. (U04.SG) plans to sell a mixed-use industrial development to the proposed Viva Industrial Real-Estate Investment Trust for 518 million Singapore dollars (US$407 million).

Stock Chart: SGX! is contributed by : Singapore Stock Information Exchange