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
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.Note
marketwatch.com/story/trump-declares-big-deal-with-china-very-close-as-he-meets-with-trade-team-2019-12-12?mod=home-pagePraise 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-headingWatch 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.Note
Praise Lord, slow and steady , we are more than 100 points thus farNote
This would go up later today !Note
Let's hope it touch the support line (dotted ) and reboundNote
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.Disclaimer
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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.