Sunday, June 17, 2018

Singapore Straits Times Index - Short Term Rebound



Studying the STI chart, it looks like there is a rebound coming soon next week as the STI has reached a short term demand zone. The selling has been relentless and the throw down has been furious. The panic set in was serious and everyone was in some mini flurry state of exodus mode. The market has no strength and the buyers were disappearing. It's during these tough times that the market would start to attract the BBs to buy at wholesale prices. I will be catching the rebound and bought some good counters. Tomorrow is the start of a new week and Tuesday is an important day. Let' see how it pans out.

Ronald K - Market Psychologist - A Stock Market Opportunist