OVERSOLD STI STOCKS AS AT 5 OCT 2018
Dear readers, let us take a look at the Oversold STI stocks as at 5 Oct 2018. The Singapore stocks as measured by the STI has had a volatile trading week. There were quite a number of considerations like US Federal Reserves' interest rate hike consideration, oil prices and the potential of trade wars between China and America.
Amidst the current backdrop of the stocks markets, how have the STI stocks performed? In particular, which STI stocks have become oversold? And which by converse have become overbought?
For the answer, take a look at the stock heatmap above. As we can see, there are two stocks highlighted in yellow above. These two stocks, HongKong Land and UOL are the current oversold stocks. The stocks in green are the converse: overbought stocks. The rest of the STI stocks are in a neutral RSI zone: neither oversold nor overbought.
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