Dear readers, since hitting a low of 2,426.77 on 30 Oct 2021, the Singapore Straits Times Index (STI) has rallied all the way to the 3,181.68 level that we saw on 1 Apr 2021. This increase translates into a 31.1% gain of the STI and makes Singapore stocks markets one of the winners in the global stock markets.
Are there any room for further appreciation of the STI? Well, looking at the technical chart, we note how the 200-Days-Moving-Average of the STI is now on the cusp of crossing the 300-Days-Moving-Average from the below. A successful cross of the 300-Days-Moving-Average by the 200-Days-Moving-Average is a sign of further bullishness of the STI and the Singapore stocks markets which will further bring the STI to more northward move.
There seems to be not much chatter of a global stock markets financial meltdown. While investors may still feel bullish about the stock markets, it is always best to be prepared. Don’t get caught in a market correction with most of your portfolio in losing stock portfolios that you can only liquidate at a loss!
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