Aug 8-12, TA for STI

• Trend - DownTrend (Sudden Trend Swing)
• Momentum - Near to Oversold
• Support - 2939
• Resistance - 3000 (Support Turn Resistance - Bearish Signal)
• Candlestick - Doji (indecisive signal)
• Volume - 2x (Selling Pressure) 

Last Friday, signal is one of the fast and furious fell of the STI index. It's a sudden signal change caught lots of people by surprises. By then, most of the stocks were already at Support Level. So shorting at support level is dangerous, unless it breaks Support and Turn Resistance, then we can resume the Short position. In my forum, I have highlighted some industries that we can target the SHORT, if indices continuous it's down trending. In general, short those with poor Q2 results or price breaks support. 

Is it a good time to buy low?

- My opinion,

• Look at the PE < 8, NAV < 1 with Yielding (>3%) stocks only. (buy gradually only at every support. )
• Look at Current Ratio > at least more than 1, Debt / Equity - <30-40%. 
• Those without any value or so called "intrinsic Value", you should reduce your position gradually, if it keeps breaking supports. 
• Do look at my Forum - FA stocks screeners for some company that you can monitor. 

At this volatile period?

- My opinion, it is easier to trade than to invest, but the down trending will surface more value investing stocks in the horizon.