The Singapore Market is going through a difficult patch for the Bulls. Trading volume has been on the decline and there are no signs that the market is going to rebound strongly anytime soon.
The phase chart is still showing a “Bearish” trend. Maybe when it comes to the last quarter, which is traditionally good for the stock market, the market will rebound. But at this moment, those who want to enter the market must trade with caution.
The 50 day moving average is at 2926 and 200 day moving average is at 3140.
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