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Monthly Update (Apr)

Home / Blog / Monthly Update (Apr)

My Views:

STI Outlook

2015Apr-STI-800x600

March was a good month.

For those who have tuned in for my 938Fm Live Radio Interview on 13th March, you would have a clear grasp for March – April Market Outlook.

16th – 20th March was a critical week with STI hovering at support 3,357, with a potential small rally or deep correction.

Small rally occurred and is now testing resistance at 3,465. This was mentioned since February Monthly Update, for a consolidation between 3,388– 3,432 with range-bound trading opportunities. Yesterday’s reversal signal was negated.

Going forward,

I expect consolidation in a narrow range or pullback to around 3,414 before continuing its uptrend. I am bullish.

REITs

Starhill Global: Entry Price at $0.815.

SoilBuildBiz: Entry Price at $0.79

AIMSAMP CAP Reit: Entry Price at $1.45

Entry is based on Bullish Signal.

Watchlist

Keppel DC Reit

First Reit

ParkwayLife Reit

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