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Commemorative【Day 11 – Observing STI ETF Distribution & Market Signals】#MyInvestmentDiary
Operation:
Focused on monitoring the STI ETF (ES3) and broader market signals while letting previous positions run.
Insights:
$STI ETF(ES3.SG)STI ETF (ES3) price rejected the key 5.00 resistance again, trading within a tight 4.94–4.99 range. Closed with a slight sideways to bearish bias. Distribution signs remain clear selling pressure persists near 5.00, while support at 4.94 is holding but showing early signs of weakening.
Levels to Watch
Break above 5.00 → bullish continuation (Resistance: 4.98 ~ 5.00)
Break below 4.94 → pullback toward 4.90 (Support: 4.94)
Strategy: Sell strength, buy weakness, Avoid chasing highs
$STI ETF(ES3.SG)ES3 remains supported by strong fundamentals from Singapore’s major banks, but after a sustained run-up, profit-taking near resistance is capping further upside. This aligns with the ongoing consolidation and distribution phase. Patience and disciplined positioning are key.
Position:
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