Always happy to see my name on the newspaper 游俊昌(yes that is me! 😅), just shared my view to investors who are trading Singapore stocks. Be cautious this week..
Last week STI make another new weekly low to 3218, overall Singapore stock is weak as Banks, Oil, Property - the 3 big sector trading sideway. Even the previously strong sector Electronics stocks also fall as profit taking takes place.
For now I think STI is reaching a critical support level at 3200, this support has been holding since May 2017. As long as STI did not break 3200 I will still still be bullish with the market as other regional market still very bullish. Next week, I would think that STI will test the 3200 support, if it bounce up strongly, it will be a good sign for investors. If not, I will stay out of Singapore stock and look at the stocks in other market.
Let's Meet up and discuss more in our upcoming Free Seminar
[[2H2017 Global Market Outlook & Stocks Earnings Review]]
Market outlook and individual Singapore stocks analysis using Technical Analysis
- English Session : 13th September 2017, Wednesday, at 7.00pm - 10.00pm (Registration begins at 6.30pm）Click Here to Sign up
- Chinese Session (华语讲座）9 月 14号 星期4 - 傍晚7点到10点 - To Register Click Here
- SMS 96188199 for more Information
Venue : #34-07, 10 Anson Road, International Plaza, Singapore 079903
