Trend Watch

Sunday, January 20, 2008

SGX first resting stop after breaking 200 Days EMA


Last 3 candlesticks formation shows indecision. Gapped down to form tiny inverted hammer then filled the gap with giant hammer followed by "cloned" spinning top resting in the middle of the 3 days range. Trading zone $10.10 - $8.88 . Monitor breakout direction and take note of resistance and support lines.

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