Dear readers, how time flies! We are heading into the 4th week of a brand new year and hope that everyone has a positive start to the year!
In this post, let us take a look at the list of Overbought and Oversold Straits Times Index (STI) stocks for the week ended 19 Jan 2024.
As with the Straits Times Index, the STI constituent stocks are largely trading in the neutral RSI region, except for one oversold and one overbought constituent stocks.
The oversold STI stock is HongkongLand USD stock. The stock currently trades at $3.13, which is the same price that it reached in Oct 2023.
Yangzijiang stock is the Overbought STI stock. The stock has been rallying since Dec 2023 to current price of $1.64.
That’s all for today’s post! Again, please note that the above is not a recommendation of any stocks to buy or sell. Always do your own due diligence when it comes to investing!
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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