Dear readers, there are four oversold Straits Times Index (STI) stocks right here on the Singapore stocks markets. Each of these oversold STI stocks has a Relative Strength Index of below 30 and without further ado, the four oversold Straits Times Index stocks are:
Ascendas Reit
Keppel Corporation stock
Mapletree Industrial Trust
YangZiJiang Ship Building stock
As always, my comment on oversold stocks is that they are not necessarily poised to head north next. Investors investing in these stocks could also catch a “falling knife”. My screening of oversold Straits Times Index stocks, regularly and as always shared on this website is to view the state of the Singapore stocks markets from another different angle.
No surprises for the performance of the Singapore stocks markets currently. The performance is aligned to what I have been predicted: that of the 2,500 Straits Times Index level being a support for the local stocks markets for now.
That’s it for my insights today. I Thank you once again for your support of SG STOCKS INVESTING, your Money and Lifestyle magazine! Connect with me here to follow the daily exciting and useful posts on these two blogs, Thank You for your support!
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