Our Straits Times Index or STI had a huge run on Friday partly due to the huge gap up for GLP which enabled it to break through the consolidation it had for the last 2 months. It broke the horizontal support and could now be aiming for 3300 then 3350.
Admittedly there was no chance for any shorts as STI just burst up but of course we managed to look for other counters to ride the upside.
STI didn’t follow our plan so we’re saved this round. Remember its always important to have a trade plan. We’ll share more this coming Wednesday on how important is it to have a proper road map and trade plan in order to trade well.
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