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STI Outlook – As of 15th November 2020
By Loopholes Singapore  •  November 14, 2020
After last week’s rally what’s next? The index wide hysteria occurred a week after the US’s election dust settles. Congratulations to STI investors who have made neat profits from your undying support for weakened and fear-stricken counters on STI. As investors, let’s continue to be forward-looking and rational as much as possible and that is to plan ahead for the coming week. After a week of massive gap ups and erratic price movements due to the vaccine news boost and ‘HK-SG travel bubble’ excitement, it is likely that some stocks that have been riding on the wave will start to recede and fall back. Besides that, greed for certain counters will not dissipate until fear strikes in, be sure to take profit when there are sudden spikes without accompanying news items supporting the price movement. Otherwise, stay calm and as always plan ahead before Monday comes. STI – Updated...
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By Loopholes Singapore
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