Dear readers, it is time once again to review the performance of the Straits Times Index (STI) stocks for the week ended 12 Apr 2024.
There is one STI stock of focus for the previous trading week.
This stock is none other than Jardine Cycle & Carriage (Jardine C&C) stock: the stock has entered into the Overbought RSI region (of >70).
For the past 5 trading days, Jardine C&C stock is up by 10.52% and closed the week at $26.90. Earlier this week, CITI Researched initiated a “Buy” call for the stock and gave a target price of $29 for the stock (details here).
Please do your own due diligence. Do not enter into an investment purely because of an analyst’s recommendation.
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