Can STI break out of this triangle?

13 déc. 2018

Much of Asia exhibits this consolidation pattern. To me, Singapore looks like the most attractive market to hang out in and wait for a trade resolution. Their companies' accounting practices are arguably better than, say, China's; and their valuations seem to be incredibly reasonable, too. Sources report STI to have an ~11.5 to 13 PE. On the other hand, it has been trading in lockstep with the pure-play Shenzhen.

21 déc. 2018

Trade fermée: ordre d’arrêt atteint

Ascending triangle has completely broken down. It's done.