dchua1969

STI heading towards 3300 by year end !

dchua1969 Updated   
TVC:STI   Straits Times Index
Those who did not take advantage of STI index when it went down below 3000 , there is another opportunity. Likely, there would be a retracement to the right shoulder towards 3096 level before I think it starts to rally towards 3300 level.

I am bullish on banks, some REITS and a few stocks which I have already covered.

Please DYODD.
Comment:
Awaiting for a nice pull back at around 3180 this week
Comment:
It hits 3300 price level nicely and it retreats......pretty predictable for STI
Comment:
wow, we have 2 days of nice bullish candles and with the FED taming the interest rates, there is a good possibility that we might see STI breaking out of the 3300 resistance level and head towards 3400
Comment:
it looks like 3180 gap will be closed this/next week
Comment:
edition.cnn.com/trav...-intl-hnk/index.html

Maybe for individual stocks like Genting or the Hospitality sectors, not all stocks will benefit from this influx of tourists
Comment:
The 4th time it has hit the resistance level at 3300 and likely it is going to retreat again.....
Comment:
A good support found on 4 Nov 2022 and it rebounded well. Tomorrow may be a good day to accumulate
Comment:
Hmm, this is a delicious level to start accumulating shares of STI again......
Comment:
Praise God, congrats to those who had longed some stocks in STI components or the STI ETF
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