SGX Ichimoku chart continues to show bearish sentiments.
1. Bearish Tenkan sen – Kijun sen cross beneath the kumo sighted.
2. Thick kumo resistance ahead.
3. Support level is at around $7.24.
However, with the Tenkan sen and Kijun sen both showing bearish strengths, it is likely that $7.24 will break and we may see it test support at $6.92 and $6.58
If $6.58 does not hold, the target is around $5.76 or lower; back to 2009 levels.
