Dear readers, the Straits Times Index (STI) has rebounded by approximately 15% from a recent closing-low of 2,233.48 to 2,571.32. Alongside the STI, the STI constituent stocks have also rallied.
Below are the STI stocks which have rebounded to the point of Overbought.
1. DairyFarm stock
2. Thai Beverages stock
While overbought stocks may not necessarily head down next, will the two overbought STI stocks be sold down soon against the current stocks markets backdrop?
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