WHICH STI STOCKS ARE OVERSOLD AND OVERBOUGHT NOW?
Dear readers, let us take a look at the latest STI stocks which are Oversold and Overbought as at 23 Aug 2018. As usual, I have made it easier for readers to read off instantly which of the STI are oversold, overbought and neutral from the diagram above and the colour legend is as follows.
a) Orange: Oversold
b) Yellow: Overbought
c) Blue: Neutral
If you have been following my blog, Genting Singapore and Thai Beverages have been Oversold for three weeks including this week. On the converse YangZiJiang has been Overbought for consecutive three weeks now. As shared many times, Oversold does not necessarily mean stocks are cheap and Overbought does not necessarily stocks are expensive. This is just one angle from which investors can look at STI stocks.
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