Dear readers, the Singapore stocks benchmark indicator, the Straits Times Index closed at 2,562.95 yesterday. Yesterday’s closing of the Straits Times Index (STI) was a recent high ever since the index sank to 2,233.48 on 23 March 2020. So how would the STI perform going ahead? And will STI stocks be good buys for investors?
Looking at the technical chart of the Singapore Straits Times Index, the 5-day-moving-average has come down to reach the 20-day-moving-average. If the 5-day-moving-average continues to cross the 20-day-moving-average from above, I think the STI stocks will head south or at least consolidate for the short-term period.
While many of the investors may have been invested in the recent run-up of the STI stocks, Tom K’s investing strategy is crystal-clear. As shared many times with investors, the time to invest in the stocks markets is not now. Now is not the bottom or even one of the bottoms for the stocks markets where investing will reap the most profits. My target immediate support for the Singapore Straits Times Index is 2,000
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