General talk on STI

After a week of upward movement, indices have been taking a breather. The STI was not spared, booking a 1.3% move downwards to close the week at 3525. Looks like all my targets for the STI have been smashed already. I was expecting the STI to only get to this region come December. You can view the post on the STI by searching ” change in mood” on the right side of this blog. The recent slight pullbacks in most markets should be expected, seeing we are in a bullish trend, and tiny periods of consolidations and pullbacks will occur. I am still a bull since the STI is still trading within the boundaries of its upward parallel channel. the bottom of the channel is now pegged at the 3150 region, so naturally that is where I will have a support level. I have uploaded this chart of the STI a couple of times already, but, hopefully it does not bore you.

All analyses, recommendations, discussions and other information herein are published for general information. Readers should not rely solely on the information published on this blog and should seek independent financial advice prior to making any investment decision. The publisher accepts no liability for any loss whatsoever arising from any use of the information published herein.

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