Dear readers, Mr Emmanuel Macron has become the French President, at least the factor of a Le Pen victory has not materialized into the global stocks markets. With Mr Macron’s win, what does it mean for the Singapore stocks markets? What does it mean for global stocks markets as a whole? Also, the geo-political tensions in the Korean Peninsula seems to simmer for now. On the back of all these, does it mean that Singapore stock markets will continue to sustain its upward momentum?
I thought to answer these questions, it is useful to read the technical charts of the STI ETF, an ETF which tracks the broader Singapore stocks markets. The STI ETF has been making dojis meaning to say local investors are currently indecisive. Based on the RSI, the STI ETF is oversold. Will investors now want to take profits for now? I cannot help but noticed that …Read the full article →