Dear readers, last week, I shared one oversold Straits Times Index (STI) stocks here on SG Stocks Investing.
This oversold STI stock was Seatrium stock, which closed at $0.087
Seatrium Limited stock traded at a RSI below 30, and at a price of $0.087 last week and this brought Seatrium to a price almost two years ago.
Yesterday, Seatrium rallied by 8.14% to a closing price of $0.093 and for this week, was 4.49% higher.
The stellar rally for Seatrium could be due to the award by Solvang for a project to retrofit of Solvang’s 7-megawatt carbon-capture and storage (CCS) system.
Please note that this post is not a recommendation to invest into Seatrium stock but is just a sharing of the market developments.
Always do your own due diligence when it comes to investing with your monies.
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