World Indices

Commodities

SGX --> Breakout to 7.80 ?


Fundmental View
Cons:
- World cup will affect the upcoming result of it.
Pros:
- In regards to upcoming reports , i think they will be giving dividend of at least $100 based on past trend.
- Another news that it posted is the removal of lunch hour and allow trading the whole day , which will increase the trading volume by 10%.
- Other than these , it also said that it will provide short selling information , which is good because information allow investor to make decision. This will in turn increase trading volume.
Technical View
- SGX been trading on a downtrend based on the parallel channel and is a laggard among the index component.
- Did a breakout from the downtrend.
- EMA20 cross MA50
- MACD cross over
- Take profit at around MA100/MA200/upper boundary of Parallel channel

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