STI closed up 0.4% this week to 3010.47, it has been the worst performer YTD with 10.5% loss.
In short term, remain bearish if it can not close above 3054, which is 50% fibonacci level.
Oct index monthly performance table:
Independent Market Commentary from Singapore
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For general information and education only — not investment advice, a research report, or an offer or recommendation to buy or sell. I am a Trading Representative of Maybank Securities Pte Ltd; views are my own (not Maybank's) and I may hold positions in securities mentioned. Investments carry risk including loss of capital; past performance is not indicative of future results. Please seek advice from a licensed financial adviser. Full disclaimer →
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