Dear readers, let us take a look at the weekly Overbought and Oversold Straits Times Index (STI) stocks for the week ended 8 Mar 2024.
The STI itself is currently trading in a neutral RSI region: i.e, neither overbought nor oversold.
As for the STI constituent stocks, they are mainly trading in a neutral RSI region or were not oversold.
The only exception is YangZiJiang stock, which is currently at just Overbought (i.e. RSI = 70) region.
The stock closed $1.84 last Friday and this was a good $0.35 increase from the $1.49 close of the stock on the last trading day of Year 2023,or a 19% increase in stock price!
YangZiJiang stock is one of the best performing STI stocks for the year-to-date but this post is not a recommendation of the stock.
Rather, this post just shares some of the noteworthy moves in the stock markets for the information of readers.
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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