Refer to my previous post.
As mentioned, consolidation followed by rally occurred on 20th Jan onward.
1. Consolidation between 3,388 – 3,432 before breaking 3,465 resistance.
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.