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SGX Reversal?

Stock Alerts — November 2, 2010 at 5:06

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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