Dear readers, for the trading week ended 7 Jun 24, there are three Straits Times Index (STI) stocks to watch out for.
In a week where the other STI stocks are trading in a neutral RSI zone, these three STI stocks stand out for being where they are now: Overbought (RSI >70).
These three STI stocks are:
a) SATS
b) Singtel
c) Yangzijiang
So, how did the three aforementioned stocks come to their Overbought region?
In the last 30 days, SATS stock has risen by 15%, which is truly impressive.
During the same period, Singtel stock rose by 6.3%, which is also decent.
As for Yangzijiang Shipbuilding stock, the gains are even more impressive:
5.7% gain: past 5 days
40.9% gain: past 1 month
63.95%: in past 6 months
As as a disclaimer, this post is not about a recommendation of the above 3 stocks, but rather just a sharing. Always do your own due diligence when it comes to investing with your monies.