SGX (technical)

SGX : Trading Central notes share price posted a 61.8% retracement and has bounced off from the key horizontal level at $6.50. The stock has also crossed above its 50day moving avg, while daily RSI has struck against a major support area around 30% and strongly reversed up. Believes further upside is likely to $6.97 and $7.12 in extension, as long as $6.65 support holds .