According to Fidelity, range trading is an active investing strategy that identifies a range at which the investor buys and sells over a short period.
JPMorgan is forecasting that Singapore bank share prices will fall later in 2023, due to a risk of non performing loans (NPL).
A team of five analysts from the financial services company say that Singapore banks are a harbinger of asset quality issues for the region, and they think that this sector should “range-trade” on valuations and dividends, before NPLs lead to a drop in stock prices.
