Dear readers, one Singapore Straits Times Index (STI) has rallied 20% quietly year-to-date.
First of all, I know that I have not talked about the weekly oversold, overbought Straits Times Index (STI) screener on SG Stocks Investing for quite some time already.
It is not that I have missed the above weekly series.
Rather, I have been, as usual, scanning the STI constituent stocks weekly to identify oversold and overbought constituent stocks, that will be of interest to readers.
Ever since I last posted on the above theme on this website, Singapore stocks markets have been quietly trading, without much fanfare so that overall the Singapore stock markets are trading at a neutral RSI region.
For the trading week ended just last week 1 Mar 24, however, there is a STI constituent stock that is rather noteworthy.
This is a stock that has just reached the Overbought region of RSI =70.
This stock is none other than Yangzijiang stock which closed at $1.79 last Friday (1 Mar 24).
With the stock closing at $1.49 on 29 Dec 23 and this means that Yangzijiang stock has rallied some 20% year-to-date and is one of the Best STI perfomers year-to-date!
Please note that this post is just a sharing on insights to the Singapore stocks markets and not a recommendation of any Singapore stocks. Always do your own due diligence when it comes to investing!
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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