Long

Sunshine on STI

By dchua1969

Updated

Sunny Singapore is getting wet weather in the month of December. Lots of sales ongoing with the festive season - Christmas and year end sales.

The HK protests in some ways have contributed to a fair amount of Hong Kongers moving to Singapore and even business owners parking their funds here.

cnbc.com/2019/11/04/jp-morgan-on-capital-flows-from-hong-kong-to-singapore.html

channelnewsasia.com/news/business/hong-kong-us-4-billion-deposits-singapore-11966576

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a very strong bullish candle closed, a good sign. Let's see if next week or so , it will breaks above the bearish trend line.

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marketwatch.com/story/trump-declares-big-deal-with-china-very-close-as-he-meets-with-trade-team-2019-12-12?mod=home-page

Praise Lord. With this good news, I expect the bullish effect to trickle down to STI later.....

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Praise lord.
The price has now pushed above the bearish trend line and closed above it. Time to accumulate more for the next rung up. This will be slow and steady ....

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Praise Lord once more today !

Note the candles have a longer tail below , showing signs of bullishness, ie. buyers and sellers compete but in the end buyers win, pushing price higher !

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scmp.com/news/asia/southeast-asia/article/3044246/singapore-economy-grew-steadily-07-cent-2019-heading

Watch Feb 18 for announcement of Government initiatives for 2020

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We should welcome this correction , same as others as it allows us a great buying opportunity at a cheaper price.

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Praise Lord, slow and steady , we are more than 100 points thus far

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This would go up later today !

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Let's hope it touch the support line (dotted ) and rebound

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watch out for 18 Feb 20 where the government will be announcing the Budget. The timing cannot be more perfect as many small and medium enterprise are suffering firstly due to the US-China trade war and now the Coronavirus. The most affected sectors are the aviation, hospitality, catering, restaurants, events , retail malls, etc.

dchua1969

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