Dear readers, the Singapore Straits Times Index yesterday closed at 2,552.42 which was quite a decent showing considering that in previous weeks, the index has tried to stay beyond the 2,500 support.
Just as investors thought that the recent volatilities may have ebbed away, I would like to share with you one development of the Straits Times Index.
The Singapore Straits Times Index is now currently overbought. Same as with the Straits Times Index ETF. The previous time the Index was similarly overbought was in Jun 2020 and there was a correction thereafter.
Hence, investors, take note. A correction to the Singapore stocks markets is imminent.
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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