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Trading ideas for June
 
Singapore

SGX
 

SGX chart

We observed that the 20-day moving average has been a great technical indicator to trade SGX. In late January’08, we can see that the 20-day moving average was resisting the price of SGX very nicely and the price traded lower and lower until the bottom in March’08. Similarly, as the stock rebounded off the bottom, the pull back in price in mid-April’08 was supported again by the 20-day moving average! The price rebounded off this indicator nicely and traded higher. This makes making money from the stock market looks easy. Now, at the point of writing this article which is 19th May 2008, the price is supported at 20-day moving average again. Let us observe if SGX will continue to trade as predictably as before.
 
 
This article first appeared in Smart Investor, July 2009
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