As I was focuing on the levels( posted yesterday), STI hit 50% fibo level yesterday( day high at 3066.59) and retraced, it then bounced back into 3055-3066 range( 38.2%-50% fib) again today. Kind of sideway consolidation mode. In the short term, I expect more upside if STI can close above 3066( today high at 3063.55). Otherwise bulls should be stay alert for downside.
Weekly market analysis covering Singapore, US, Hong Kong and China — stocks, REITs, ETFs and trading perspectives.
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