Sunday, January 7, 2018

SINGAPORE STI STOCKS: 2 JAN 2018 TO 5 JAN 2018

STI stocks
Dear readers, in an earlier post, I have shared how the STI has done very well right from the start of the year. I believe this performance is pretty much aligned to the US stocks markets when the US stocks indicators have recently hit one of the highest levels too. Let us see how the constituent STI stocks have fared for the past trading week.

As usual, my approach will be to see the more noteworthy stocks among the STI stocks for the previous trading week. And that means either overbought or oversold stocks. Let us look at the list of the overbought and oversold STI stocks now.

Overbought

1) SPH

2) Ascendas Reit

3) Capitaland

4) City Development

5) DBS

6) OCBC Bank

7) SATS

8) SIA

9) ST Engineering

10) UOL

Oversold

1) Thai Beverages

Just look at the list above! A total of 10 Overbought STI stocks! It is hence without a doubt that the STI is indeed bullish! On the other half of the equation, Thai Beverages is currently oversold.

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