As of 2nd June, STI has finally reentered the Bollinger bands of the monthly chart, while this might seem trivial during normal times, STI has been kept outside of the lower limits since March of 2020. So essentially, the market is responding optimistically to the end of the circuit breaker as Singapore proceeds to phase one as they restart the economy. At today’s closing, we can see that some of the STI components are up roughly 5% and the triple top formation was broken with a solid green candle on the daily chart. In this post, we will be covering some strategies to accumulate shares during an upturn. Bear in mind that we are not suggesting that it will be a continued upturn, however, it will be useful to strategy and plan ahead when the market is bullish.
