Dear readers, there are six Straits Times Index (STI) stocks that are Overbought right now. Each of these stocks is trading with a 14-Day RSI of above 70.
The six Straits Times Index (STI) stocks are:
Genting Singapore stock
Jardine C&C stock
Mapletree Commercial Trust
Mapletree Industrial Trust
Thai Beverages stock
Venture stock
Overbought stocks do not necessary mean these stocks will head south in prices soon. However given the current stocks markets backdrop in view of Covid-19, it is likely stocks will trend lower. What’s more for overbought stocks.
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