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Monthly Update (Feb)

Home / Blog / Monthly Update (Feb)

My Views:

STI Outlook:

 STI

Feb:

Refer to my previous post.

As mentioned, consolidation followed by rally occurred on 20th Jan onward.

Looking forward,

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

OR

2. 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.

Trading with Joel

Homework: Track the Funds Initiation & Monitor its performances.

 

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