WHAT'S NEXT FOR SINGAPORE ECONOMY AND STOCKS?

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CAN YOU GUESS WHICH SIX STI STOCKS ARE OVERSOLD NOW?

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Dear readers, let's find out which of the STI constituent stocks are currently oversold. First, Keppel Corp stock which closed at $7.58 on 8 Jun 18. The 200-Days-Moving-Average for the stock is around $7.48 and let us see whether a longer-term downtrend for Keppel Corp stock will set in when its price goes below the 200-Days-Moving-Average.
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A BEARISH VIEW OF SINGAPORE STOCKS: HERE’S WHY

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Dear readers, yesterday, US stocks markets rebounded over the easing of tension of the potential trade wars between US and China. The positive effects spilled over to Singapore and at this time of writing, the Singapore stocks markets, as measured by the STI benchmark indicator was up by around 2.25%.
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