Uptrend
It looks like the STI has bottomed and formed an impulse Subwave i (red). Today it started the corrective Subwave ii. It is now timely to set up a watchlist of promising stocks. When Subwave ii completes, Subwave iii will form, rising strongly upwards. Take advantage of the rising tide to lift the values of your stocks.
It would not be wise to start buying as yet, as the current wave structure of Wave C (red) can extend further down with Subwave i (red) becoming a Subwave x to link to another leg down. This is a low probability but still a possibility. The safer strategy is to wait for Subwave iii (red) to form and rise above the top of Subwave i (at 3152.34). This will provide confidence that it is indeed Subwave iii. When this happens, you can start selecting stocks from your watchlist to invest.