(1) Bullish
(2) Bullish but cautious
(3) Bearish
Stocks / Reits / ETF Movement: (1)
(1) Uptrend
(2) Dowtrend
(3) Sideways
Trading Strategy: (2)
(1) Buy and hold long-term with trailing stop.
(2) Short-term trading.
(3) Average down and collect dividends.
Today, numerous blue chips have a sudden flush down by smart monies. SGX happen to be one of the unfortunate one.
SGX long-term trend still up till today.
Need to watch for tomorrow price action.
(1) If it breaks support 1 and 2, the trend will be changed to down.
or
(2) If it stays above or near the support 1 line, it will likely trade sideways for a period of time and then continue its uptrend.
Who decide, of course the BB.
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