SgTraderClub Weekly Stocks Updates: STI New One-month Low 3020

Thursday, November 1, 2012

STI New One-month Low 3020

The expected month-end window dressing didn't come, both in Singapore market and the US. In fact, it turned to selling off. STi this morning hit new one month low at 3019.96, previous low is 3021. While I see somewhat of divergence in the indicator MACD, which indicator it may got chance for upside flip as STI trade at one month "bottom" now.

STI 1H chart

No comments:

Subscribe to: Post Comments (Atom)

Disclaimer

SgTraderClub is a personal blog written by Fan Jun. Everything published here — including versions shared on LinkedIn, investSG.com, or other platforms — is general market commentary and my own opinion. It is not investment advice, not a research report, and not an offer or recommendation to buy or sell any security. It does not take account of your objectives, financial situation or particular needs.

I am a Trading Representative of Maybank Securities Pte Ltd. Views expressed here are mine alone and do not represent the views of Maybank Securities Pte Ltd or the Maybank group. I may hold positions in securities mentioned.

Trading and investing carry risk, including the loss of your entire capital. Past performance is not indicative of future results. Please seek advice from a licensed financial adviser regarding the suitability of any product before you invest. Historical posts on this blog reflect conditions at the time of writing and are not updated.

I never solicit trades, payments, or account details through private messages, chats, or unofficial channels. If you're contacted by anyone claiming to be me or representing SgTraderClub asking for money or account access, please do not respond and report it.