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Monthly Update (Mar)

Home / Blog / Monthly Update (Mar)

My Views:

STI Outlook

STI 1 STI 2

Sideways through whole month of Feb.

Views are similar to Feb update as shown below.

  1. Consolidation between 3,388 – 3,432 before breaking 3,465 resistance.

OR

  1. A sharp correction to 3,292 region.

Those who are trading STI index, a good move will be

– Buy on pull-back after a breakout past 3,465.

– Open short positions if it drops below 3,388 with 1-day volatility as stop-loss point.

In summary, I am anticipating a consolidation or pull-back before a major move in either direction.

REITs

Starhill Global.aspx: Entry at $0.79 and below.

Watchlist

Keppel DC Reit $1.02

SPHREIT $1.04

CapitaComTrust $1.735

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