Update on SGX 29 March 2008

SGX broke out of consolidation channel this week. Closed above the 25 day moving average at last closing. Gap noted at $9.76 - $9.65. Higher volumes noted in past 2 weeks.

Will this consolidate or push higher next week? Expect 50 day MA to be a key level to watch.

SGX

SGX has been consolidating past week. A break above $7 would be a breakout of the channel. $7.10, $7.31 and $7.67 would be key levels for breakouts.

Necktie resistance is at $11