I have relocated! Not done with my unpacking yet though. Phew what a feat..
I have noted banks are strong waiting for buy signals to appear. UOB hasn’t get though but it may tomorrow. So could DBS despite their exposure to Dubai. I went into StraitsAsia, while I took 1/3 profit on Ezra.
I like what I see on ST Eng though! Nice 50% retracement, a bounce off and a beautiful buy signal being triggered.
For the strong hearted, you may wanna look @ SIA. Nice reversal and a confirmation. Will it go down if oil prices spike? That remains to be seen. 13.40 is a good entry with a cut loss point if 13.24 fails to hold. Do note this is a downtrending stock though so a long position for now, is still counter trend but it looks pretty ok to me. First TP of 13.80.
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