STI Review

There has been conflicting views on which stage STI is currently in.
But all are bearish in the mid and long term.

No doubt STI is still under correction, the rise yesterday is seen as
part of a final push up before a heavy downfall arise.
This fall has been seen by most with a support at 2150 to 2200.

Investors are unclear on any further rate rise this august, and
a rate rise impact has yet to be absorbed in the market. In
other words, a further rate rise will have a heavy impact on the
market.

Take this downfall as an opportunity to catch undervalue stocks.
This cycle may not end as soon as expected but look forward to
a healthy rally after this major correction.

Heiwa reports....