Technical Analysis
STI Outlook – As of 10th April 2021
By Loopholes Singapore  •  April 17, 2021
STI consolidating at 3200 level The STI index is held back at 3200 but at the moment, there is reason to believe that the Singapore economy is strong enough to support its bullish market. It seems like 2021 is a year for value and cyclical stocks partly because of the rebound from last year’s poor performance. Additionally, many businesses also took the opportunity to take loans to acquire assets and upgrade their businesses thus, increasing revenues for the business and spurring growth. That said, I am still taking a step back every now and then to review my holdings to ensure that none of my portfolio counters are in an overbought state. STI – Updated Daily Chart Zoom in image of the daily chart On the daily chart, I am starting to notice that STI is moving sideways potentially to prepare for the next climb. In the past week, many STI constituents did not move much as well as the market remains cautious....
Read the full article
By Loopholes Singapore

Your email address will not be published.


Your Email Address will not be published

Read More Articles
More from thefinance