Chart Source : Poemsview 13th April 2018
Straits Times Index was one of the most impressive performer in the region for the week as it covered the gap which we were looking for.
Just two weeks back when April started we blogged that we were cautious optimistic as April historically is an up month. Indeed for the last week the Straits Times Index has risen over 2% and coming close to our next resistance which is the downtrend line.
Can STI power through and breakout of that downtrend line next week? Could STI consolidating a little bit before breaking out? We’re watching eagerly and would consider entry on dips in the coming weeks. Having caught the first round of rebound its time to look out for more opportunities.
If you missed the recent rebound and are unsure of what stocks to look at, perhaps just narrowing your scope to a few stocks or even our Straits Times Index might do the trick.
YES! You’re able to trade the Straits Times Index with ease using Poems CFDs if finding individual stocks might be tough for you.
We’re the only CFD provider that have the Straits Times Index available.
So mark your calendar as come 24th April we’re be going through how to use Poems CFD to long or short the Straits Times Index and also reveal how we spot the recent rebound once again.
More details will be shared in the coming week so stay tune.