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Sunday, September 17, 2006

SGX

As requested from the stocks poll. Listed since 23 November 2000 on SGX Mainboard, SGX owns and operates the Securities and Derivative exchanges in Singapore and was the first to introduce an electronic and floorless Securities exchange in Asia.

Technically, SGX has regained the 4.00 foothold, significant support at 3.90/3.72 , resistance at 4.20/4.50 . From rsi, we see that it entered the overbought zone while prices still failed to break 4.20 which was attained when it last previously reached the overbought zone. This signifies that prices is likely to remain rangebound below 4.20. Watch out for breaking out of 4.20 for any breakthrough.

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