CALD_ED

Can STI break out of this triangle?

Long
CALD_ED Updated   
TVC:STI   Straits Times Index
Much of Asia exhibits this consolidation pattern. To me, Singapore looks like the most attractive market to hang out in and wait for a trade resolution. Their companies' accounting practices are arguably better than, say, China's; and their valuations seem to be incredibly reasonable, too. Sources report STI to have an ~11.5 to 13 PE. On the other hand, it has been trading in lockstep with the pure-play Shenzhen.
Trade closed: stop reached:
Ascending triangle has completely broken down. It's done.
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