STI - Not time to buy yet, but selling isn't a good idea too!
As the trade war between US and China intensifies, general markets in Asia get the ripple effect too.
STI has dropped around 5.40% and is now trading around 3300 region.
If you're feeling worried because of this drop, you better be.
If you're feeling happy because now you think you can buy at a cheaper price, you better don't.
Now, why do we say so?
If you're feeling worried and uneasy because of the drop, it just shows that (1) you do not have a proper investment/trading plan to start with, and (2) you do not have the right risk management plan in place. And that's the exact reason why you should be worried.
If you're feeling excited to hop onto a trade or invest now, hold your horses. The time isn't right yet. Be patient. Wait for at least a sign of price bouncing before entering :)
Our bias remains to the upside for the general equities market at the moment. Our macro analysis is still showing room for the markets to rally. Perhaps for the last wave up between 2018 to 2019.
After that, we might eventually see the long-waited "clearance sales" in the equities market. When that happen, it will be a shopping spree for many well-prepared traders and investors.
*Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.
STI has dropped around 5.40% and is now trading around 3300 region.
If you're feeling worried because of this drop, you better be.
If you're feeling happy because now you think you can buy at a cheaper price, you better don't.
Now, why do we say so?
If you're feeling worried and uneasy because of the drop, it just shows that (1) you do not have a proper investment/trading plan to start with, and (2) you do not have the right risk management plan in place. And that's the exact reason why you should be worried.
If you're feeling excited to hop onto a trade or invest now, hold your horses. The time isn't right yet. Be patient. Wait for at least a sign of price bouncing before entering :)
Our bias remains to the upside for the general equities market at the moment. Our macro analysis is still showing room for the markets to rally. Perhaps for the last wave up between 2018 to 2019.
After that, we might eventually see the long-waited "clearance sales" in the equities market. When that happen, it will be a shopping spree for many well-prepared traders and investors.
*Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.