Sunday, March 20, 2011

SGX - Buying starts now!


SGX exudes signs of strong buying. It looks like the market is poised for a rally anytime soon. It might happen tomorrow or maybe 1 or 2 more days of price dipping before the real rally happens. If you are an investor and buy now, you wont go wrong, however if you plan to wait, i am not sure if it will dip any further and if it does, it is a good sign. If it rally, take this as a temporary surge only until i see more evidence of accumulation taking place. If you are a trader, your profit margin is huge and losses are minimal if you know where is the stop loss is. Whatever it is, the stock is currently in the strong hands of the strong buyers.

Ronald K