STI have under perform since May 2018 which is already more than 2 years.
Every since the May 2018 double top was form, STI have been moving sideways for about 1 1/2 years. Then the COVID-19 crash came in hard on Feb 2020 and it lau sia for a month and then mange to recover around 60 percent around Jun 2020. From Jun 2020 till Sep 2020, it is still trending down and look rather sick.
Over the years, Singapore have not nurture any outstanding Tech companies, all we have are Tech support companies often known as contract manufacturer. It is no more great to be a buy and hold investors for SG companies.
Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.
Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.
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