Singapore Stock Market - Short Term Correction on the Cards

singapore stock market showing signs of distribution

short term weakening signs are there : STI up yesterday and today but most small mid cap stocks cannot sustain the upward momentum…..and most close near day low on high volume….potential signs of distribution better be cautious when trading my friends

having said that, i would like to add that the rebound this time seems to have put the brakes on the downward move few weeks back, meaning that i would more eager to re-enter when stocks pull back to near recent low

one thing i like is that most stocks’ parabolic signal finally turned positive in the past 1-2 days after been in negative zone for >10 days since the sell off started.

so for those stocks that pull back in the coming days, as long as their parabolic stays positive, i will still be interested to re-enter again.