Sunday, June 10, 2018

CAN YOU GUESS WHICH SIX STI STOCKS ARE OVERSOLD NOW?

Singapore STI stocksDear 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.
 
Up next, SATS stock which has just reached Oversold in term of RSI (at 30). Talking about 200-Days-Moving-Average, SATS is just sitting on this Average, again we should see whether SATS stock price goes below this Average for a longer-term downtrend.
 
Other Oversold stocks include: SGX, Singtel, Starhub and UOB.
 
 
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