STI enjoyed a 7% run up from the bottom to the current price , thanks to US ferocious jump last night. But are we being too optimistic and too early to pop our champagne ?
Let's clear one hurdle at a time. If price can continue to go up to 2433 level and close above it today, then we have a good chance of seeing it moving higher. Remember, we have seen many charts with false breakout ? It too can happen here !
We want to be cautious but not overly to the point it paralyse us into an inaction mode. That is why we have stop loss to protect us.
Read this article
and this here
Such conflicting news are going to create some volatility in the market. As parents, we are concerned about our school going kids. Now that their tuition centres will be closed, that means kids schedule change and so we too have to change as well. This is BIG for the local market as many parents with kids are sending them for tuition.
It is not known when the 2nd stimulus will be make available. My guess is the government need more time to assess the situation after the closure of entertainment venues.
So, I will be monitoring the chart and reading the updates as frequent as I can before deciding what to do next.
Trade cautiously, everyone !
Let's clear one hurdle at a time. If price can continue to go up to 2433 level and close above it today, then we have a good chance of seeing it moving higher. Remember, we have seen many charts with false breakout ? It too can happen here !
We want to be cautious but not overly to the point it paralyse us into an inaction mode. That is why we have stop loss to protect us.
Read this article
and this here
Such conflicting news are going to create some volatility in the market. As parents, we are concerned about our school going kids. Now that their tuition centres will be closed, that means kids schedule change and so we too have to change as well. This is BIG for the local market as many parents with kids are sending them for tuition.
It is not known when the 2nd stimulus will be make available. My guess is the government need more time to assess the situation after the closure of entertainment venues.
So, I will be monitoring the chart and reading the updates as frequent as I can before deciding what to do next.
Trade cautiously, everyone !
Note
congrats to those who longed todayNote
channelnewsasia.com/news/business/singapore-gdp-growth-slows-advance-estimate-covid-19-12577146This information should be already priced into the chart. Let's wait for the 330pm speech and see what the Government is dishing out for the various incentives. This may gives the local stock market a boost or otherwise. Keep watching
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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.