On Friday, SGX re-test the support at $7.11 and closed at $7.27 with HIGH volume of 3.52 million shares traded.

A black candle sticks with short lower shadow Three black candles occurred in the last three days. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.

Both RSI & MACD are bearish as MACD cross down on Friday.

Important Resistance of SGX: $7.41

Immediate Support of SGX: $7.27

Currently prices are resisted by 20/50 days MA at $7.41.

SGX undergo heavy selling pressure as bears attempted break the critical support at $7.27 but failed.

It is important that SGX must maintain above the support at $7.27 as more selling more be trigger once the support breached.

Do not suggest to buy now. Instead watch the support at $7.27/$7.09 if vested.

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