Sunday, July 25, 2021

Nikko STI ETF - Waiting For Direction

STI already up more than a year and now everything is at the all time high.

Nikko STI ETF is also waiting for further direction.  

What direction? 

Delta Variant direction, Inflation and the FED simulation.  

Resistance - 3.27

Support  - 3.15


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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