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Sunday, May 6, 2018

WHAT YOU NEED TO KNOW ABOUT THE STI STOCKS NOW?


STI STOCKS
Dear readers, how has your investing journey been thus far for Year 2018? In this post, let us review the performance of the STI stocks for the previous week. We will as usual, track the significant moves in the STI stocks.


First, the three local banking stocks: DBS, OCBC and UOB. After reaching record highs, the three banking stocks retraced as noted from their RSI coming down from Overbought regions.



The performance of the STI stocks is mixed and banking stocks have been the highlight so far as each of the three local bank stocks reached higher and higher for Year 2018 to date. Same goes with these other stocks as the retraced from the previous very overbought region: Keppel Corp, SATS, SGX, Singtel and SPH. In term of RSI, there is currently no overbought stocks as I have earlier mentioned, most of the STI stocks have instead reclined from overbought RSI stocks. There is however one oversold stock: JSH stock. 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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