SINGAPORE STOCKS NEXT: FROM THE TECHNICAL PERSPECTIVES

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Singapore Stocks STI
Dear readers, let us take a look at how the Singapore stocks are shaping up. As the STI tracks the broader Singapore stocks markets, I would like to analyze the STI ETF, which is an ETF which in turns track the STI.

After reaching a 52-week high of $3.66, the STI ETF seems to show some signs of fatigue. The STI ETF has since trended lower with the previous support of $3.60 now becoming a form of resistance. I noted that there was quite a large volume for the STI ETF recently at the southing of the STI ETF at 1% and I would think the likelihood is for the STI to head down from its recent rally.





There are not enough positive catalysts to bring the Singapore stocks higher; good earnings reports from the earnings season could only do so much to a company’s stock price. Join the emailing list to receive regular Financial and Singapore stocks newsletters too! Like" me on Singapore Stocks Investing Facebook page to receive all posts on your Facebook as well as read more articles. Follow me on Twitter too.

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