Friday, 15 January 2016

STRAITS TIMES INDEX - NEAR BOTTOM FOR NOW READY FOR REVERSAL UP TOWARDS 2700

 
The Straits Times Index closed the Year 2015 at 2882 and has slump by 8%. This week has seen many days of 1-2% decline reaching a low of 2642. We see today Friday market as calmer and could see a afternoon reversal. We are setting a conservative target of 2700 towards next week. We are looking at some potential M&A low valuation plays and BLUE CHIPS(for reversal plays).
 
 

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