Dear readers, given that today is Monday and is the start of a new week, let’s keep this post short and concise.
It is no longer news that the Singapore stocks markets, as measured by the Straits Times Index (STI) has done very well year-to-date so much so that the STI is at one of the highest since 2007.
The STI has come down slightly, as expected after a price rally. However, 4 STI stocks continue to be Overbought and they are:
Dairy Farm International
Keppel Corporation stock
Sembcorp stock
Wilmar International
Again, just a reference check on Oversold, Overbought STI stocks! Never a stock recommendation or anything like that. It does not mean Overbought stocks will come down next necessarily.