Following up from previous Sell call made on 22 Aug 2013. Sgx has indeed not broken up above 7.40 and has headed lower on a weak market. 7.20 support has been broken as of now and more downside likely if it does not creep back up. Possible to head lower to test the Critical 7.00 support. As long as 7.20 is a resistance, we are bearish. In this case a downside breakdown of 7.00 will trigger a bearish acceleration towards 6.80.
Buy Stop at 7.24
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