STI STOCKS: SHOULD YOU BUY THEM NOW?

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Dear readers, with the US stocks markets fluctuating like a swinging pendulum in the typical of over 1 percentage positive and negative on either side; the Singapore stocks markets has responded accordingly. Let us take a look at just how oversold some of the STI stocks have become.

With quite a number of the STI stocks trading at high prices before the recent markets corrections, there is only a handful of STI stocks which are oversold currently and they are:

1) SATS

2) Starhub

Oversold is just a function of the RSI and it means the RSI is below 30. By no means, an Oversold stock means that it is poised for a rebound. There are also quite a number of STI stocks currently consolidating at low prices like SPH or have declined but just not in the oversold region yet, e.g. Thai Beverages and Genting Singapore.

However, I like to track the Oversold status of the STI stocks as a quick glimpse into the state of the STI stocks and the Singapore stocks as a whole. As of now, I believe the markets will still head south further and hence it is not really a time to enter into new positions, be it STI stocks or other stocks. Join the emailing list to receive regular Financial and Singapore stocks newsletters too! Like" me on Singapore Stocks Investing Facebook page to receive all posts on your Facebook as well as read more articles. Follow me on Twitter too.

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