Dear readers, as I have been sharing many times with you guys, the Straits Times Index did indeed head lower yet again yesterday to 2,678.64. This is close to my target range of the Straits Times Index at 2,600 to 2,700. Given that the WHO has labelled the Covid-19 as a Pandemic and regional stocks markets heading south, I would now set that the immediate support for the Straits Times Index at 2,500 with opportunities to head lower.
With stocks heading lower, I would encourage all investors’ savings to head up now in order to build an investment war chest to invest at one of the stocks markets bottoms. Remember, we cannot catch a market at its bottom-most but we should catch it at one of its bottoms.
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