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STI Outlook – As of 5th July 2020
By Loopholes Singapore  •  July 4, 2020
Value Investors will eventually win in the coming months As the reliability of the US market continues to fall, STI is starting to realize that it does not have to wait for the US market to stabilize before it can start its recovery. This concept is hard to grasp because let’s face it, the markets are now acting erratically. Personally, my take is that those who buy and hold right now will be the biggest winner. However, it might still take a while before we are certain that this rally will break out of the parallel channel on the daily chart. STI – Updated Daily Chart STI is heading upwards to test the resistance again On the daily chart, STI is showing bullish signals since the low on Tuesday. Since then, STI has been on a short term uptrend and is heading towards the upper limits of the parallel channel....
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By Loopholes Singapore
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