STI trending sideway
July 4th, 2009
It’s difficult time ahead trying to trade because our Straits Times Index is trending sideway + squeezed between 20 and 50 MA. Must be the window dressing period that makes the market so cautious. A lot of the stocks alr showing bearish signal with lower high lower low.
But it’s time to be paitence. Later kernna whipsaw really super sian. Learning the importance to cutloss is one thing. Knowing not to anyhow cutloss is another. It’s all about positioning.
Rumored that the financial report of company will come out next week of so. Waiting for the chart to show unusual movement aka insider trading.
Remember to put money into your CFD account. Do not naked short!
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