The STI index just breeched a new low. Next expected level potentially will be between 1350 to 1450. Hold off all those temptation to buy STI blue chips in the short term as they have a high chance to get cheaper. DBS is expected to bottom at around $5-$6. Hong Kong stocks on the other hand has been holding on well, thanks to the China factors. Gold bounced off $1,000 and is now consolidating between $900 to $1000. Analyst and commodities experts believed that gold is overvalued compared to other commodities such as oil and agriculture and is expected not to have too much growth.
0 comments:
Post a Comment