^STI – Bullish or Bearish
The Brexit volatiity has resulted in a lot of uncertainty! Buy or sell all are risk! Why? First, when the results unveil, everyone panic and quickly sell to exit their position. Thereafter regret and quickly jump in again. In fact, there are no right and wrong answer for Brexit.
Manage your risk and trade accordingly! As said no right no wrong. Take the money on the table and cut your losses quick.
Picture worth a thousand words, after the pike in April, the index formed a low which was lower than the last low. Is this to mark the start of the reversal change in ^STI direction? Will, this maybe confirmed by the lower high. But, the next low was more like a retest of the last low, followed by the index closed higher. Only until the week is over, better still the month is end. The closed will give a clear picture.
July 15, 2016 Straits Times Index Daily
Be Yourself
Beware of what you read in the press! To much information may not be good for your trade. Market and many investors were influenced by the Brexit. Trade like your own self. In other words, continue you analysis and trigger. Manage your trade size and risk.
Moses Stock Analysis and Scan
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