I noticed over the weekend that the Cold Storage supermarket at Changi City Point has closed its outlet and the Giant supermarket at Suntec seems to be down-sizing.
The two charts below shows the technical support and resistance of Dairy Farm and Sheng Siong after the recent profit-taking after recent highs.
The technical resistance for Dairy Farm is currently at US$7.26 and next resistance is at US$7.35.
Price is support is at US$7.18 and US$7.12
The technical support for Sheng Siong is at $1.04 and next price support is at $1.02.
The resistance is at $1.05 and $1.07.
