STI ENDS MARCH 2021 BULLISH
The STI establishes a new uptrend on ALL TIME FRAMES after it closed at 3181 with a significant break of its long term downtrend on the monthly Supertrend resistance of 3108.
Referring to my STI Matrix table, the stocks that are on multiple time frame UPTRENDS include JMHUSD, UOB, DBS, OCBC, VENTURE, SEMBCORP IND, ST ENG and MAPLETREE COM TR. These are the components providing the tailwind to the STI for the past month. The REITS are building a base led by MAPLETREE COM TR and the banks are very bullish. Property counters like CAPITALAND, CITYDEV and UOL are showing strength.
LONG TERM UPTREND SINCE 010321
MEDIUM UPTREND SINCE 071120
SHORT TERM UPTREND SINCE 250221
PIVOT 3115
Long positions above 3115 for 3411 and 3664
Short positions below 3115 for 3037 and 2974
Referring to my STI Matrix table, the stocks that are on multiple time frame UPTRENDS include JMHUSD, UOB, DBS, OCBC, VENTURE, SEMBCORP IND, ST ENG and MAPLETREE COM TR. These are the components providing the tailwind to the STI for the past month. The REITS are building a base led by MAPLETREE COM TR and the banks are very bullish. Property counters like CAPITALAND, CITYDEV and UOL are showing strength.
LONG TERM UPTREND SINCE 010321
MEDIUM UPTREND SINCE 071120
SHORT TERM UPTREND SINCE 250221
PIVOT 3115
Long positions above 3115 for 3411 and 3664
Short positions below 3115 for 3037 and 2974
Quant Strategic Singapore
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