Wednesday, 23 April 2014

Where is STI good pickup point? 3150?

Dear Friends,

I have a few friends that ask me about STI. With the recent bullish run, will STI breach 3300? My answer is yes, but we need to be patient. Most probably it will break in these 2 quarters, but after resting a while.

But having said that, I think the risk is high going into STI now. STI has gone up too fast running from 3052 to 3280! I know there may still be some stocks worth looking, but do exercise good money management now that the market is overbought. If you buy, buy smaller lots.

My profit taking zone for STI is exactly now, between 3250 - 3300. 

(If STI breach 3300, then I will be looking closely whether this breakout is a good breakout)

My accumulation zone for STI will be 3150, if STI really corrects. But I don't think this round of correction will be deep. Most likely you won't see 3000 again.

Remember, if there is a chance in the next few months you see 3150 again, that will be Daniel Loh picking stocks again!



Rgds
Daniel
www.danielloh.com

Radio FM958访谈 2018年11月15日:世界股市展望 - 现在是熊市吗?

·         美国 股市担心苹果业绩,巴菲特却大胆投资! 道琼斯昨晚闭市在 25080 ,掉了 205 点。在这 10 月 11 月道琼斯的波动都相当大。有很多投资朋友开始怀疑熊市是不是已经来临了。我的答案是还没有。这个跌幅反而是好时机进场。大家不用太担心。 ...