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Buy the dip for STI

ที่อัปเดต:
Now with the ongoing war between Russia and Ukraine, will the Feds still consider the interest rates hike ? Will this war escalates the already skyhigh inflation rates further ?

Or perhaps the Fed will use this news and temporarily halt the rates hike ?

STI is still on a bullish move and I see this dip as a buying opportunity. How about you ?
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Good chance to accumulate as it rebounds off the bullish trend line as precedents have shown.
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We are meeting the resistance once more .....
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cnbc.com/2022/03/24/singapore-to-ease-covid-measures-drops-outdoor-mask-mandate-.html

This spells good news for many outdoor businesses like F&B, theme parks and hotels
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3234 previous resistance level so we are at critical point now. STI needs to break above this level this week else we see it going south towards 3038 level.....
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2889 - 3049 , these will be the 2 support levels I expect STI to revisit
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could we possibly see a fall towards 2800 level where it forms an inverse H&S pattern? I think it is very possible. The Great Singapore Sale is here, plenty of good stocks to buy and keep for long term. It is a question of your cash war chest and patience.
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Time to take profits ? It is reaching the all time high at current price level , matching the previous high in 2018........Banks stocks like DBS are at all time high now so maybe a good idea to take some partial profits.........
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Price may possibly breaks above current level to create a false breakout before trending down......The 50 basis points cut was a surprise to many who expects a 25 basis point cut so lots of celebration and rising tide lifts all boats (asset class)
Chart PatternsTrend Analysis

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