SINGAPORE STOCKS: ONE IMPORTANT TECHNICAL INDICATORS ALL INVESTORS MUST KNOW NOW!

Singapore StocksDear readers, on 31 May 19 and 3 Jun 19, the Straits Times Index ("STI") ETF touched the 200-Days-Moving-Average, attempting to cross below this average.


Now ask any technical chartists and you will understand that the crossing of this longer-term average is likely to indicate the start of a sustainable downtrend for the STI which also means Singapore stocks as a whole.

On 4th Jun 19, the STI ETF did a small rebound off the 200-Days-Moving-Average with a slight gain of 0.4%. It remains to see whether the 200-Days-Moving-Average will be tested and indeed crossed below by the STI ETF trend in the near-term. But without a doubt, the crossing of the 200-Days-Moving-Average may lead to more selling of the STI on the technical front.




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