Wednesday, September 7, 2016

Singapore Straits Timex Index - Bullish Run

The recent 2 day run in STI had caught many by surprise. It had been a long time since we saw such vibrant activity from the market. A lot of underlying blue chips started participating with the STI and most of the charts you see now all had a breakout. I believe this breakout in STI could be real but in the short term, it has reached a supply zone as drawn on the above chart and hence I expect it to suffer some reactions and stay in some trading range before higher levels. The market is getting exciting again.

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Ronald K - Market Psychologist - A Stock Market Opportunist