WILL THESE THIRTEEN STI STOCKS REBOUND ABOVE THEIR DOWNTREND NEXT?

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Singapore Stocks
Dear readers, Year 2018 has so far started off on a pleasant note to most investors. Especially for the Singapore stocks where some of the blue-chip stocks have made a slight rebound from their previous depressed stock prices. The rebound has since made eleven of these stocks currently Overbought now, as per my previous post here.
The above said, there are still a couple of STI constituent stocks which are trading below their 200-Days-Moving-Average. And these STI stocks are:

1) Capitaland

2) City Development

3) ComfortDelgro

4) DBS

5) Genting Singapore

6) Golden Agriculture

7) Keppel Corporation

8) Sembcorp Industries

9) Singtel

10) SPH

11) Thai Beverages

12) UOB

13) Venture Corporation

The 200-Days-Moving-Average has been regarded as a long-term moving trend for which trading below seems to suggest of a downtrend which has not been broken. Thus, if the global equities backdrop remain to be not bearish, would it be a matter of time that these thirteen stocks break above the aforementioned Moving-Average? 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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