Dear readers, the Singapore stocks markets measured by the Straits Times Index are now oversold with the Relative Strength Index below 30. The Straits Times Index yesterday was 3,111.70. I have been stating many months back that the Singapore stocks markets are due for a correction. I would like to reiterate that the short-term support for the Singapore stocks markets will be in time to come 2,800 to 2,900.
Even at the 2,800 to 2,900 level, the Singapore stocks markets will still be relatively high in the context of the new multi-faceted and more challenging problems facing the Singapore and global stocks markets. Things like trade wars, Covid-19 and different pockets of geopolitical tensions coming to the fore every now and then.
I would advise investors to wait for some clarity lest they “catch a falling knife” investing in the stocks markets now.
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!