SGX Reversal?

| November 2, 2010 | 0 Comments

SGX revealed a reversal signal today. Notice at #1, where there is a bullish divergent bar. Entry level will be determined by this bar and whether or not the current price will go over $8.92. However, it’s important to note that on Oct 26th, there was a sell fractal signal as well, so that should be our stop loss point.

sgx

Suggested strategy for going long on SGX:

Entry: $8.93
Exit: $8.66

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Category: Stock Alerts

About the Author ()

John Tan has been Vice President of BlueTrust Investments Corporation for 6 years since the mid-90’s. He has since moved on, to be a professional full-time trader.

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