SINGAPORE STOCKS: ONE IMPORTANT TECHNICAL INDICATORS ALL INVESTORS MUST KNOW NOW!
Dear 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.
STABLE STI CORE, MULTI-BAGGED BY SELECTIVE INTERNATIONAL PICKS! 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.
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.
STABLE STI CORE, MULTI-BAGGED BY SELECTIVE INTERNATIONAL PICKS! 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.