Dear readers, as I have predicted, the Singapore Straits Times Index (STI) continued to consolidate today without much meaningful gains or movement. The STI closed 0.24% today to 2,628.62 and looking at the US stocks markets performance at this time of writing where the Dow Jones, S&P 500 and NASDAQ composite were down by more than 2% each, I believe my earlier prediction of a substantial correction for the Singapore stocks markets will be on the card soon.
As of today, there are three oversold Straits Times Index (STI) stocks, namely:
Capitaland stock
Jardine C&C
SIA
There will be more oversold Straits Times Index stocks soon as the STI head in my prediction to the 2,500 support level first.
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