Dear readers, welcome to a brand new week!
For today’s post, let us take a look at the oversold and overbought Straits Times Index (STI) stocks right now!
Ever since touching below the 3,000 psychological level, the Singapore stock markets benchmark indicator, the STI has since made a good rebound, reaching 3,130.11 in the previous week.
In terms of oversold stock, there are currently no oversold (based on RSI less than 30) STI stocks.
However, there are still four Overbought (based on RSI more than 70) STI stocks and they are:
Keppel Corporation stock
SIA stock
UOB stock
Wilmar stock
Please note once again that overbought and oversold stocks doe not necessary meant that these two groups of stocks will be respectively head down or head up in the near term, I am just providing my weekly tracker of the movement of the STI stocks here.
Have a wonderful week ahead! And do continue to Stay Strong and Healthy!
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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