STI Update
By Mr. IPO  •  January 3, 2013
Just when I said STI has turned into a sell for me on New Year's eve, it got a big boost from the "fiscal cliff" or the lack of it and fly up to the sky. hahaha


STI formed a doji today. It is an indication that the bulls and bears are "fighting it out". Watch out for a potential formation of the evening doji star.

My view remained the same that upside is limited with downside potential in January. I will not 'chase' the STI stocks (generally speaking) and the previous correction target remain the same. Let's see how it pans out in the coming days.

Happy trading.





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By Mr. IPO
Mr. IPO graduated from NTU with a Bachelor in Accountancy (Honors) and started life as a lowly auditor. The audit experience not only polished up his accounting skills but also made him very skeptical about the financial records of companies. He always read the financial reports with a huge dose of salt ...
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