Dear readers, there may be a group of Straits Times Index (“STI”) stocks which may rebound next against the current macro-backdrop where literally “no (non-positive) news” is “great news” looking at the technical set-up. First on the list is JMH USD stock which went north by a respectable gain of 5.5% yesterday from a “bottom” in its technical charts. Will JMH USD stock continue to defy “gravity” in the next trading sessions?
Second, another member of the Jardine family of stocks: Jardine C&C stock also headed north 2% from a similar technical bottom in its trading chart. Similarly the same for yet another member of the Jardine family of stocks: JSH USD stock which went up, though by a more modest gain of 0.6% yesterday.
I would think that there are still undercurrents, interplay of factors to closely look at in the current stocks markets backdrops and this is what investors who are looking at a bargain-hunt right now may have to factor in.
For myself, where it comes to Singapore stocks, I am looking more at STI ETF which offers investors a way to invest in the Singapore stocks minus the risk exposure due to any particular company especially where the effects of the trade wars may not have been fully felt by companies yet. And for the US stocks, I am looking to enter at selected potential multi-bagger stocks when their prices are at a discount off the usual trading prices.
That’s it for my insights today. I Thank you once again for your support of SG STOCKS INVESTING, your Money and Lifestyle magazine! Connect with me here to follow the daily exciting and useful posts on these two blogs, Thank You for your support!
BINGE READ ALL POSTS!
Visit Home Page for more reads or Connect here!