Thursday, 19 April 2018

STRAITS TIMES INDEX - TOUCHING MULTI-YEAR HIGH 3600(AIM 3800 LEVEL IN 2018??)

 
With big funds accumulating INDEX Components like DBS UOB & OCBC, the STI have been shooting to multi-year high touching 3600. We see this a bullish sign for the index rallying above the key psychological 3600 level, next level to look for will be the 3800 high set in 2007. For now, we will be shifting our attention to small-caps who have underperform the big-caps for the past few weeks. We will likely see interest in rotation among many favourite small penny stocks among pundits.
 
 

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