Tuesday, October 9, 2018


Singapore Stocks
Dear readers, the Singapore stocks markets have been heading south in line with regional peers. The STI closed at 3,181.45 yesterday and if the STI trends down further, I believe the support at 3,100 could still be tested.
Looking at the STI ETF, we could see the ETF could not break above its 100-Day-Moving-Average and the ETF is likely to head south further to the $3.15 mark.

As again, my thinking is that should the STI breaks below 3,000, oft-cited the psychological level for Singapore stocks, more sellers would emerge and then the STI would head rather quickly to 2,880 or 2,900 thereafter.

That would be what I thought of as markets being corrected. 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.

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