Dear readers, the Singapore stock markets, as measured by the benchmark indicator, the Straits Times Index (STI) is now Oversold.
From the technical chart, the STI just hovers slightly above the longer-term 200-Days-Moving Average. A cross below the Moving Average may spell a middle term bearish correction for the Singapore stocks.
Along with the index, the following STI stocks are currently oversold too:
City Development stock
DBS stock
Hongkong Land stock
Keppel Corporation stock
SATS stock
SGX stock
Singtel stock
ST Engineering stock
Venture stock
Please note that the above is just a sharing, and not a recommendation to buy into these oversold stocks.
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