Market rebounded. The Dow Jones after slamming down -1000 points last evening started to recover and brought the whole SG market to turn up again. Many stocks like Wilmar, AEM, banks all started to climb back up. Breadtalk just announced that they went privatization and more oil related stocks also had this rebound which might be short covering. Longed Wilmar last week and sold today even the price went higher.
Wilmar wasn't in the Top Volume earlier in the morning and suddenly, it started to appear in the list with rising price. The stock was heavily traded today with some movements at the moment. Unloaded and locked in profits while moving on to another stock since the market was super volatile at the moment! I think short term trading is the way to go now.
Ronald K -
Market Psychologist -
A Stock Market Opportunist
