On Thursday, SGX breached the resistance at $7.27 and closed at $7.29 with LOW volume of 0.924 million shares traded.

Both RSI & MACD are bullish as RSI trend upwards.

Important Resistance of SGX: $7.41

Immediate Support of SGX: $7.27

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

Since 5/Jul, prices have been consolidating between the key support at $7.13 and key resistance at $7.68.

The support at $7.13 is expected to be strong.

We would suggest to monitor if SGX will pullback to $7.13 as it is expected to be strong. Buy at $7.13 support if possible.

Important News

Keppel Corp. (BN4.SG) 3Q net profit rose 32% to S$457.6 million compared with S$346.4 million a year earlier due to improved profitability of its real-estate arm offset lower revenues from its rig-building business.

Singapore Exchange Ltd….