SINGAPORE STOCKS: WHAT INVESTORS NEED TO LOOK OUT FOR NOW?
Looking at the past performance of STI ETF, the STI ETF went below the 200-Days-Moving-Average on 4 Apr 2018 for a while before it rebounded. Will investors see a rebound of the STI ETF next if it touches the 200-Days-Moving-Average again? For me, I think the STI along with STI ETF would continue to go south until the support at 3,339 for the STI, that means another 1.6% to go south. If this support is breached beyond, I think a longer downtrend for the STI would set in. Join the emailing list to receive regular Financial and Singapore stocks newsletters too! Like" me on Singapore Stocks Investing Facebook page to receive all posts on your Facebook as well as read more articles. Follow me on Twitter too.