I have bought UOB as the first tranche of my CPF purchase, at 16.70. I bought this when price is at the lower end of the lower channel and turning up.
A few days after my purchase, however, the price turned down again, to below my purchase price. This could signify that there could be an intermittent correction soon. However, I shall not panic, since I have a holding horizon of 1-2 years, and will commit again if the correction is sizeable. Meanwhile, just relax.
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