Since the Corona Virus Pandemic, STI had lost 26% from its High Point of 3282 back in February 2020.
Currently, I believe it is building a Support line at 2400 to 2500. In a couple of days or weeks its Might goes down to the other Support Line (2000 pts). Let wait and see from the side lines.
Currently, I believe it is building a Support line at 2400 to 2500. In a couple of days or weeks its Might goes down to the other Support Line (2000 pts). Let wait and see from the side lines.
If you notice from the chart above, YR2020's drop have surpassed the Index felt in 2016.
Most of the Analysts predict, the support for 2400-2500 do not tends to hold. The index might drop further 2000 or sub 1600.
Currently, Singapore Blue Chips Stocks and SReits look pretty cheap. At this moment, I am not 100% vested, I still have a 40% Warchest that still waiting for the right time to be deployed.
On the next post, I will share my insights on my Watchlist.
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