$STI ETF(ES3.SG)
STI comprises of large blue chip stocks like DBS, OCBC, UOB, Keppel and SingTel and ES3 tracks the index. Looking at the weekly and daily charts, the long term uptrend is still intact despite the pullback caused by the war in the Middle East. With more global uncertainties ahead, the Singapore market may be seen as a safer haven for investors. $4.705 will need to be tested a few more times to see if it can hold as a strong support. It is currently trading at the middle of the Bollinger Band. The next resistance level is $4.94.
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