Much of Asia exhibits this consolidation pattern. To me, Singapore looks like the most attractive market to hang out in and wait for a trade resolution. Their companies' accounting practices are arguably better than, say, China's; and their valuations seem to be incredibly reasonable, too. Sources report STI to have an ~11.5 to 13 PE. On the other hand, it has been trading in lockstep with the pure-play Shenzhen.
Trade stängt: Stopp nått:
Ascending triangle has completely broken down. It's done.