2 Options as we come to the crossroads soon.
Option 1 : Breakout and pullback and head northwards to 4000+ price level
Option 2 : Breakdown as per previous 2 attempts
Analysts are expecting a breakout of 3500 , read news here
www.todayonline.com/...e-spore-stock-market
I do not trade this index but use it as a barometer for overall stock performance and dive down into individual companies. Singapore is an important global financial hub and its stock performance is a good guide to the overall economy globally as well. US has always been an influence to its performance so watching US market will provide deeper insights into the various emerging markets performance.
Option 1 : Breakout and pullback and head northwards to 4000+ price level
Option 2 : Breakdown as per previous 2 attempts
Analysts are expecting a breakout of 3500 , read news here
www.todayonline.com/...e-spore-stock-market
I do not trade this index but use it as a barometer for overall stock performance and dive down into individual companies. Singapore is an important global financial hub and its stock performance is a good guide to the overall economy globally as well. US has always been an influence to its performance so watching US market will provide deeper insights into the various emerging markets performance.
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At critical resistance zone. I expect some healthy pull back first before it charge further.
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3 weeks later, the bulls are still charging ahead leaving the bears watching and salivating.........Wait for pullback to participate in the next upturn, do not chase high price
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break out from the upper channel, ready to go higher in weeks/months to come.
