Resistance 2: 3,550
Resistance 1: 3,473
Support 1: 3,357
Support 2: 3,292
Refer to chart.
In 7th April Outlook,
“I expect consolidation in a narrow range or pullback to around 3,414 before continuing its uptrend. I am bullish.”
Pullback occurred, from 16th April onward to 3,425 region. We are currently consolidating sideways.
STI has reached another critical point at its support. Monitor closely.
- STI will consolidate sideways before trending up. – My View.
- STI will consolidate and breakdown, signalling a potential trend reversal.
AIMSAMP CAP Reit: Entry Price at $1.46
Mapletree GCC Tr: Entry Price at $1.065
StarhillGbl Reit: Entry Price at $0.85
Far East HTrust: Entry Price at $0.795
Entry on Bullish Signal.
Keppel DC Reit