Dear readers, let us take a look at the list of Oversold Straits Times Index (STI) stocks as of 5 Jul 2019.
Based on RSI below 30 (which indicated Oversold level), there are no Oversold Straits Times Index stocks for the trading week which closed on 5 Jul 2019.
In fact, the current Straits Times index, as measured by the Straits Times Index is in an Overbought region (defined by RSI>70) with a number of STI stocks Overbought as well.
With not many catalysts driving the global stocks markets, I think Singapore stocks markets will consolidate around current levels for sometime. And to head south once any trace of global stocks markets volatilities is factored in.
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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