Home > alert, daily, Noble Grp, sg, singapore, stock > STI halftime: bearish mode continue

STI halftime: bearish mode continue

Even with Dow recovering 100 over points, STI currently broke its minor resistance at 2930 and hopefully to be supported at 2900. As of now, the market sentiment has changed from sideway to bearish market as a lower high is in the formation.

Noble just broke its support its support at $3 and is down 9 cents. Such bearish sentiment! So what has went wrong with this counter? The ex-ceo might have his last laugh. So for now the strategy is to stand sideway or wait for a lower high to form before engaging a short.

Property sector seems not able to be supported. Will also go down under if this trend continue. Nan dao its the sell in may and go away phenomenon? It’s a pity since the last rally, it doesn’t went up as much as the other sector. Capitaland is also my shorting target since this counter is also weak  fundamentally.

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