Always buy stocks THAT ARE IN A LONG TERM (LT) UPTREND.
There are only 8 stocks out of the 30 STI component that fits this criteria. Please refer to the table with label LT BUY rating.
Please email me for guidance on how you can use this matrix if you are new to stocks and technical analysis. Every stock that you buy or sell must have specific technical analysis done to ensure that you buy at a precise entry point with a stop loss. You must also know what is your specific target price to sell depending on your investment time frame and intent.
If you are buying without either a precise entry point, a stop loss and a target price, please be very careful.
Observations :
1. The STI is on a short term uptrend since 06th Oct 2020.
3. 43% of all component stocks in the STI are on a short term uptrend.
3. On a technical basis, there are only 3 net UPTREND stocks in the STI component list
Notes :
The Matrix below is meant for Singapore Stock Investors to have an overview of the Straits Times Index for tactical trading.
All 30 components are listed and technical Buy/Sell deductions are provided.
There is a YELLOW HIGHLIGHTED box that shows only stocks in the STI components that are in a NET UPTREND. The NET UPTREND stocks are selected based on rigid selection based on Trend following Technical analysis on Multiple Time Frames.
ST - Short Term (suitable for Traders holding stocks for <1 week)
MT - Short Term (suitable for Portfolio Investors holding stocks for <1 month)
LT - Long Term (suitable for Portfolio Investors holding stocks for >1 month)
This Matrix will be updated tactically and can be downloaded on the homepage.
Use all information on my blogs based on your own discretion and risk management and precise technical analysis must be used before making any trades. This site and contents are for educational use only.
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