Starting from early November, we saw the STI rebounding by close to 20% on talks of a vaccine coming soon. 💉💉

 

The banks led the way with many of the blue chips that were heavily beaten during the pandemic staging a massive rebound on recovery hopes.  😅

 

Over the past 2 weeks, it seems like we have 𝐡𝐢𝐭 𝐬𝐨𝐦𝐞 𝐨𝐛𝐬𝐭𝐚𝐜𝐥𝐞𝐬 𝐚𝐧𝐝 𝐭𝐡𝐞 𝐮𝐩𝐰𝐚𝐫𝐝𝐬 𝐦𝐨𝐦𝐞𝐧𝐭𝐮𝐦 𝐬𝐭𝐨𝐩𝐩𝐞𝐝.

 

So is the worst really over and can the market continue to head higher in 2021?

 

 

Joey here, Top Tier Remisier in Phillip Securities.

 

Watch this video all the way to the end as I dissect the STI chart for you so you know what are the signs pointing towards a more bullish market as we head into 2021? 🐮

 

Or perhaps we can see selling coming back again and potentially more weakness in the market.

 

You’ll want to take note of this 𝐜𝐫𝐮𝐜𝐢𝐚𝐥 𝐥𝐞𝐯𝐞𝐥 that can determine if the BULLS are here to stay.

 

Watch here >> https://youtu.be/awQKlULkTYE