On Tuesday, SGX re-test the resistance at $7.57 and closed at $7.55 with HIGH volume of 1.74 million shares traded.

Both RSI & MACD are bullish though RSI in overbought region.

Important Resistance of SGX: $7.57

Immediate Support of SGX: $7.41

Currently prices are supported by 100 days MA.

On 11/Jul, prices broke the critical resistance at $7.41 with low buying pressure and this signal the lack of conviction in the rally.

The support at $7.41 is expected to be strong.

We would not suggest buying now unless heavy buying tomorrow due to good earnings report since the resistance at $7.57 is expected to be strong especially RSI at overbought region.

Important news

Singapore Exchange Ltd. (S68.SG) 4Q net profit rises 43% to S$87.6 million compared with S$61.1 million a year earlier as it logged strong revenue growth ...