Nikko STI ETF (G3B) may or not follow DOW rebound on Monday as the local COVID-19 cases continue to increase. Interestingly, the price action just landed on the uptrend support line nicely. If it cannot rebound, it is likely to go further down to the next support level at around 3.05.
As 20% (about 1.3 M) of the local population are fully vaccinated, many of these 20% will become asymptomatic and the usual body temperature checks might not be able to detect them unless we swab test everyone of them. This maybe one of the reason why the local COVID-19 cases keep spreading.
Hopefully we can get enough vaccination for at least 80% of our population so that the majority can be protected from this deadly virus.
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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