$Suntec Reit(T82U.SG)The chart still looks good although KDJ of 70 is approaching overbought levels. I do think a cup and handle pattern may be forming soon. It would be very shiok to see this stock breaking 1.53 as rate cuts appear to be more probable than rate hikes now. I hope the Strait of Hormuz negotiations won’t introduce some new spanner into the works. Never forget the market can be volatile so:
1) Don’t FOMO
2) Only use cash that is in excess of your emergency funds
3) Choose stocks of companies you don’t mind holding for long i.e. the companies have moats and strong financials
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
