SGX - Bearish Convergence!

SGX has started the correction. Standard Six Technical Indicators showed Bearish signal.

• MACD showed Bearish Convergence.
• RSI & Stochastic are heading south.
• Parabolic SAR line on top of stock price.
• Stock price is under 20D and 50D MA.
• Stock price is at the lower Bollinger Band.

Immediate support at $7.65 and critical support at $7.028 (61.8% Fibonacci Retracement Level).