You may wondering why our STI relatively so bullish--as compare to US, SSE and even big regional bro HSI. Reports are saying this is because of Singapore's strong quarterly economic data such as GDP forecast, employment figures, tourist numbers and some other factors such as the two IRs etc... well it's doesn't matter what are the real reason behind the market move, i just want to make money out of it,who cares? The fact is market moving up, and I prefer to stay on the long side other than the short side-- to make money easier.
Let's take a look at STI chart, it had a decent move on last Fri, crossed an important resistance level and stay above the MAs as indicate in the chart. Here's the next Support and resistance figures:
R: 2885
S: 2800
and, Chinafish looks a good long candidate, the next Target is 2.08:
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