Dear readers, the performance of the Straits Times Index (STI) last Friday (14 May 2021) was something investors had not seen before in a long time. As a quick recap, the STI went south by 2.2% though many other STI constituent stocks fared even worse on that trading day (https://sgstocksinvesting.com/singapore-stocks-straits-times-index-sank-just-as-what-i-have-expected/). Naturally, many STI stocks are now oversold.
How many STI stocks are oversold? Well, 23 STI stocks are as follows:
Ascendas Reit: Oversold
Capitaland stock : Oversold
Capitaland Integrated Commercial Trust : Oversold
City Development stock: Oversold
ComfortDelgro stock: Oversold
Frasers Logistics and Commercial Trust: Oversold
Genting Singapore stock: Oversold
Hongkong Land : Oversold
Jardine C&C stock: Oversold
Keppel Corporation stock: Oversold
Keppel DC Reit: Oversold
Mapletree Commercial Trust: Oversold
Mapletree Industrial Trust: Oversold
SATS stock: Oversold
Sembcorp Industries stock : Oversold
SGX stock: Oversold
SIA stock : Oversold
Singtel stock: Oversold
ST Engineering stock: Oversold
Thai Beverages stock: Oversold
UOL stock : Oversold
Venture stock: Oversold
Wilmar International stock: Oversold
There are currently only 7 STI stocks which are in a neutral RSI zone as below:
DairyFarm stock
DBS stock
JMH USD stock
Mapletree Logistics Trust
OCBC stock
UOB stock
YangZiJiang stock
I am of the view the STI will head to the 3,000 level yet again in volatile trading sessions to come.
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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