Important levels for 27/10/2022.
We do expect a gap up seeing SGX but the charts do have a language of their own. At last session's close the sellers were dominating and unless they decide to run for cover I still think the index will come down.
If we see the gap up sustain above 17885, then only will take longs for targets of 17968 followed by old seller reference zone of 18084-18118.
If we see prices coming below 17885 we can short and pyramid our positions as we can see a trending expiry with PDL @ 17642 as potential targets.
Overall a trending expiry can be expected tomorrow.
We do expect a gap up seeing SGX but the charts do have a language of their own. At last session's close the sellers were dominating and unless they decide to run for cover I still think the index will come down.
If we see the gap up sustain above 17885, then only will take longs for targets of 17968 followed by old seller reference zone of 18084-18118.
If we see prices coming below 17885 we can short and pyramid our positions as we can see a trending expiry with PDL @ 17642 as potential targets.
Overall a trending expiry can be expected tomorrow.