
Singapore Stock Analysis | Opening Trading Account | Collin Seow
2020-11-23 15:31:26
Defensive “Mainly Food” Stocks on Sale
Market has been on a bullish run since the world breathed news of Pfizer’s COVID19 vaccine with an efficacy of more than 90%. Market crept higher on Moderna news that its vaccine is slightly better than Pfizer’s. While we are feeling optimistic about a resumption of the normal that we were used to, I believe most of us can’t help but feel pity that perhaps we had missed the lows in March 2020 and early November 2020. Should we ride the upswing as charting indicators seem to suggest or should we build some defense in our portfolio?
This is the TradersGPS daily chart of Moderna. It has been moving up ever since CoVid came into focus and TradersGPS system was able to capture a massive 180% first leg up and then a quick 30% on the recent vaccine news.
Here is the Tr