SINGAPORE STOCKS MARKETS: WHAT’S NOW?
Dear readers, we are into the third month of Singapore Stocks for Year 2019. I would describe the performance of Singapore stocks as follows:
1) Jan 2019: very good rallying up
2) Feb 2019: notching up is more gradual and seems to have reached a peak
The peak referenced in point 2) above refers to my technical analysis of the STI ETF where it was shown that the STI ETF was not able to break above the key resistance of $3.28 and is now trading at around $3.23.
The STI ETF and STI are likely to remain range-bound for now. 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.
1) Jan 2019: very good rallying up
2) Feb 2019: notching up is more gradual and seems to have reached a peak
The peak referenced in point 2) above refers to my technical analysis of the STI ETF where it was shown that the STI ETF was not able to break above the key resistance of $3.28 and is now trading at around $3.23.
The STI ETF and STI are likely to remain range-bound for now. 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.