Dear readers, it’s times for the regular feature of Oversold Singapore Straits Times Index (STI) stocks right here on this blog.
As of the 3 April 2020, based on the 14-day Relative Strength Index (RSI), there was no STI stocks with a RSI of below 30. This means that as of now, there is no oversold STI stocks.
The STI is now at 2,389.29. With stock market outlook continuing to be bearish, my immediate target support of the STI continues to be at 2,000. This means a 16.3% discount from the current STI mark.
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