SGX (technical)

SGX: looks to be range bound for now, after failing to break the $7.85 resistance for a third time. Stochastics is reversing from overbought levels, which suggests tiredness in near term momentum. See near term support at the mid point of the trading range at $7.60, and firmer support at the bottom of the trading range at $7.40. Aggressive traders may keep the stock on their watchlist to play the technical breakout above $7.85.