IS IT THE RIGHT TIME TO INVEST IN SINGAPORE STOCKS? THIS ARTICLE IS A MUST-READ FOR ALL INVESTORS NOW!
Dear readers, in mid Nov 2016, which was approximately two years ago, the 200-Days-Moving-Average of the STI ETF crossed above the 300-Days-Moving-Average of the STI ETF, shortly after the election of Donald Trump as the President of the United States. Thereafter, like the STI ETF which went on to chart new highs, the STI Index went on north as well from about 2,840 to a intra-year high for 2018 at approximately 3,600, which was an impressively upside return of an approximate 26.4%.
As we could note from the STI based on yesterday’s close of 3,065; the STI has since treated by approximately 14.9% from the high of 3,600. And in October 2018, just last month; the STI even went below the psychological level of 3,000.
I would like to highlight to readers that notwithstanding the already lacklustre performance of the STI and Singapore stocks; yesterday marked an important milestone technically for the STI: the 200-Days-Moving-Average of the STI ETF which was a downward sloping line just touched the upward sloping line of the 300-Days-Moving-Average. If the 200-Days-Moving-Average crossed below the 300-Days-Moving-Average; it would mean that the Singapore stocks would undergo quite a major technical correction.
This time round, I believe the STI would now head to 2,880 or an almost 20% south of the intra-year high of 3,600 and then Singapore Stocks markets will be in a bear market officially. 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.
As we could note from the STI based on yesterday’s close of 3,065; the STI has since treated by approximately 14.9% from the high of 3,600. And in October 2018, just last month; the STI even went below the psychological level of 3,000.
I would like to highlight to readers that notwithstanding the already lacklustre performance of the STI and Singapore stocks; yesterday marked an important milestone technically for the STI: the 200-Days-Moving-Average of the STI ETF which was a downward sloping line just touched the upward sloping line of the 300-Days-Moving-Average. If the 200-Days-Moving-Average crossed below the 300-Days-Moving-Average; it would mean that the Singapore stocks would undergo quite a major technical correction.
This time round, I believe the STI would now head to 2,880 or an almost 20% south of the intra-year high of 3,600 and then Singapore Stocks markets will be in a bear market officially. 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.