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STI Outlook – As of 29th November 2020 (Fund Flow Analysis)
By Loopholes Singapore  •  November 28, 2020
Buy more or Take Profit? (Is this rally going to last) It has been an awesome rally for the STI thus far, basically, we have seen more than 17% gains since the trough that came right before the rally. That said, many who have joined the rally later has been asking if our celebrations were premature. Since STI is currently cooling off from the relentless climb, we will use technical indicators to give us some idea of whether we should add more or take profit at this current level. On the other hand, with rising numbers and worrying news on the pandemic, should we all be expecting trend reversal in the coming weeks? The short answer is that perspectives are almost always divided as there will always be optimistic, pessimistic, and delusional views of the market at any given time. Objectively, my suggestion is to always look for the...
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By Loopholes Singapore
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