Dear readers, the Straits Times Index (STI) has a Great start into year 2021 with the STI now at a high of 2,993.19, looking poise to test the 3,000 mark! I am cautiously optimistic at the performance of Singapore and international stocks as the world is not out of the woods yet in the fight against Covid-19.
As shared in yesterday’s post, a number of STI stocks have helped to push the STI to this high level and these stocks are mainly the three banking stocks of DBS, OCBC and UOB which together make up about 40% of the STI. This leads to the question as to whether are there any oversold STI stocks currently due to the bullish performance of the STI.
Well, there is still oversold (RSI<30) STI stocks as follows and it is none other than City Development stock.
As usual, oversold stocks do not necessarily mean a buying opportunity. Sharing with you readers here just as part of regular stock screening
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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