Straits Times Index stocks

FIVE OVERSOLD SINGAPORE STRAITS TIMES INDEX (STI) STOCKS: INVEST NOW?

Dear readers, the five oversold Singapore Straits Times Index (STI) are STI stocks each having a RSI of below 30. These five stocks are:

DBS stock

Hongkong Land USD stock

SATS stock

Sembcorp Industries stock

SIA stock

Thai Beverages stock

Let us take a look at each of these stocks more closely.

DBS stock, at the closing price of $20.01 yesterday is not even considered for investing now given that this price is not low at all. This price is not even comparable to the $16.88 price which DBS stock touched in March 2020.

Hongkong Land USD stock seems to be heading toward the March 2020 low prices. But given the volatility of the Hong Kong political developments, will be wise to stay clear of this stock.

SIA stock and SATS stock are stocks related to aviation sector and this sector is having challenges in this Covid-19 times, hence bearish outlook for these stocks in the near term.

As for Sembcorp Industries stock, this stock has recently experienced some corporate actions. Investors should learn how the corporate actions will translate for Sembcorp Industries stock going forward.

As for Thai Beverages stock, the technical chart seems to suggest that the stock is headed for further downward moves.

In all, the stocks market right now is volatile and bearish with upside gains likely to be limited. it is best to only enter the stock markets when there is a good proposition to do so.

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