Buy the dip for STI
Updated
Now with the ongoing war between Russia and Ukraine, will the Feds still consider the interest rates hike ? Will this war escalates the already skyhigh inflation rates further ?
Or perhaps the Fed will use this news and temporarily halt the rates hike ?
STI is still on a bullish move and I see this dip as a buying opportunity. How about you ?
Or perhaps the Fed will use this news and temporarily halt the rates hike ?
STI is still on a bullish move and I see this dip as a buying opportunity. How about you ?
Note
Good chance to accumulate as it rebounds off the bullish trend line as precedents have shown.Note
We are meeting the resistance once more .....Note
cnbc.com/2022/03/24/singapore-to-ease-covid-measures-drops-outdoor-mask-mandate-.htmlThis spells good news for many outdoor businesses like F&B, theme parks and hotels
Note
3234 previous resistance level so we are at critical point now. STI needs to break above this level this week else we see it going south towards 3038 level.....Note
2889 - 3049 , these will be the 2 support levels I expect STI to revisitNote
could we possibly see a fall towards 2800 level where it forms an inverse H&S pattern? I think it is very possible. The Great Singapore Sale is here, plenty of good stocks to buy and keep for long term. It is a question of your cash war chest and patience.Note
Time to take profits ? It is reaching the all time high at current price level , matching the previous high in 2018........Banks stocks like DBS are at all time high now so maybe a good idea to take some partial profits.........Note
Price may possibly breaks above current level to create a false breakout before trending down......The 50 basis points cut was a surprise to many who expects a 25 basis point cut so lots of celebration and rising tide lifts all boats (asset class)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.