SINGAPORE STOCKS INVESTING: A SINGAPORE BLOG ON TAKING STOCK OF AND INVESTING IN OURSELVES!
CHINA GAMING STOCKS IN FOCUS: POLICY REVERSAL!
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Dear readers, in this post, let us learn about the surprising policy reversal of China's gaming rules and the impact of the related Chinese gaming stocks.
Dear 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.
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Dear readers, it is time once again to review the performance of the STI constituent stocks for the previous trading week. As usual, we will focus on the oversold and overbought STI stocks. Overbought stocks include: 1) Capitaland 2) Keppel Corporation 3) Sembcorp Industries 4) SGX 5) SIA
Dear readers, yesterday, Singapore stocks markets erased the declines it has been chalking thus far with the Singapore stocks markets benchmark STI up by a decent 1.16%. Some investors are thinking that now is the time to bargain-hunt for some good stocks since stocks markets have corrected recently and yesterday’s showing of the Singapore stocks markets seemed to indicate that Singapore stocks markets have bottomed out and are poised for a rebound. Not yet, says Tom K (myself).
Dear readers, Singapore stocks markets was down and then was up. Fluctuating in tandem with the US and regional stocks markets. Honestly, I think there is nothing bullish about the stocks markets. With the current STI showing, I would set the resistance of the STI at 3,600 level and with this resistance level, the upside would be limited.
Dear readers, become Richer and Wiser this weekends (13 Apr 18 to 15 Apr 2018)! How? By going to Singapore Expo this weekends where the long-awaited MPH Book Sale is NOW ON!
Dear readers, let us take a look at the list of Oversold Blue-chip STI stock as of the trading week ended 14 Dec 2018. For the aforementioned trading week, the list of Oversold Blue-Chip STI stocks (based on RSI<30) is as below: