My Views:
STI Outlook
Sideways through whole month of Feb.
Views are similar to Feb update as shown below.
- Consolidation between 3,388 – 3,432 before breaking 3,465 resistance.
OR
- A sharp correction to 3,292 region.
Those who are trading STI index, a good move will be
– Buy on pull-back after a breakout past 3,465.
– Open short positions if it drops below 3,388 with 1-day volatility as stop-loss point.
In summary, I am anticipating a consolidation or pull-back before a major move in either direction.
REITs
Starhill Global.aspx: Entry at $0.79 and below.
Watchlist
Keppel DC Reit $1.02
SPHREIT $1.04
CapitaComTrust $1.735