As the market opened on Thursday, right away we started to see the 3 SG banks all suffering from heavy selling..
Sellling down by more than 𝟒% 𝐭𝐨 𝟓% 𝐢𝐧 𝐚 𝐦𝐚𝐭𝐭𝐞𝐫 𝐨𝐟 𝐡𝐨𝐮𝐫𝐬 and dragging the STI down by more than 40 points too.. 😲
So what is Happening and Why the Huge selling pressure suddenly?
Well, there was something that 𝐌𝐀𝐒 𝐚𝐧𝐧𝐨𝐮𝐧𝐜𝐞𝐝 on Wednesday night that is good for the banks BUT...
𝐌𝐀𝐘 𝐍𝐎𝐓 𝐛𝐞 𝐬𝐨 𝐠𝐨𝐨𝐝 𝐟𝐨𝐫 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬,, 😬
Watch this video to see what it is.
More importantly, I have a lot of clients messaging me and my team the whole day asking if it is time to enter now again.. 👀
Or can there still be more weakness in the short term? 📉📉
Well, in this video 𝙧𝙚𝙘𝙤𝙧𝙙𝙚𝙙 31𝙨𝙩 𝙅𝙪𝙡𝙮 2020, I will share more on some of the 𝐊𝐄𝐘 𝐒𝐮𝐩𝐩𝐨𝐫𝐭 𝐥𝐞𝐯𝐞𝐥𝐬 one can start nibbling on these SG banks again...
and Why One of them may still see more selling before the bargain hunting returns..
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