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Lets Us Hear The Roar Of The Metal Tiger
 
Singapore

SC Global
 

SC Global, a small-cap property stock is showing the presence of a potential bullish run. It has started to trade above the 20,50 and 100-day moving averages and has displayed a series of higher highs and higher lows, which are signs of an upside recovery from its previous steep plunge seen in early January 2010. The MACD trend indicator continues to trend upwards steadily above the centerline and the MFI oscillator is showing sign of upside momentum as it continues to inch up towards the 80% overbought region.  Be on the lookout for a further upside push towards the immediate resistance at $2.07 and a break above it may propel SC Global higher to test the next resistance at $2.20. The immediate support at $1.82 should contain any potential pull-backs but a violation below it may negate the bullish tone to see a slide towards the next support at $1.70.

 
 
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