Wednesday, January 6, 2010

STI Updates -- Broadening rising wedge?

Unless STI rush to 2970 by this week, the rising wedge (which is broadening) still stays. My funds are sidelined... Not rushing to add any new positions while I leave the money to grow interest in the money market fund...

The only thing that puzzles me is that Singtel actually looks quite bullish on chart... Being a major component of STI, it might mean that STI could have much further upside... Shall see how...


  1. Yeah, SingTel and the telcos are bullish perhaps because of OCBC's recommendation on the telco sector.

  2. Hi SGFF,

    perhaps that's the reason. Singtel has a very huge float in the market.

    Thanks for visiting!


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