Sunday, September 15, 2019

STI ETF - Need Close Monitoring

Last week post, stated that STI is trending up and we need to respect it.

https://sgstocklink.blogspot.com/2019/09/nikko-sti-etf-moving-up-like-rest.html

Back to this week.

Looking at the STI ETF, you can see the smart monies started pushing up the market on 30.08.2019.  The trend up is already 2 weeks.  Everything seems to be going up now especially last week when penny stocks start to run.  Reading the forum, there are some FOMO (Fear Of Missing Out) appearing for small investor.

There might be a small technical reversal soon and if the 2 world couple don't quarrel and continue kissing each other, we might be able to see the market trending higher and higher.

Technical trading is about probabilities and there are no guarantees.  We just need to follow what the chart says.  Just be ready to cut when the sign are obvious.



No comments:

Post a Comment

Singapore Stock Investment Research