SGX or Singapore Exchange as some may call it took a heavy beating over the past week down 10% since the high of $8.05.
News came out that the Hong Kong stock exchange would start trading derivatives contracts based on Chinese-listed shares pose a new competitive threat to SGX.
Since then SGX gave up 2 months worth of gains in just 5 trading days!
Now is the selling over? Is the selling overdone? Is a rebound in sight? Here are a few things we’re looking out for
Keeping a close eye on SGX for the next few days.
Is SGX on your watchlist?
What’s your trade plan for SGX like?
It is important to have a sound and actionable trade plan in order to be discipline in your trades.
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Yours
Humbly
Kelwin&Roy
The post SGX – [ When Will The Selling End? Signs To Look Out For] appeared first on Singaporehumblestock.
Created by humblestock | Jun 06, 2024