Dear all,
Last week was a tumultuous week where STI fell to a three year low of 2,808 on 25 Aug, Tues before it recovered 148 points to close at 2956 on 28 Aug, Fri. As per my market update written on 23 Aug, Sun and subsequent emails to my clients on 24 Aug, Mon afternoon and 25 Aug early morning, STI was all time oversold and there were trading (long) opportunities for the nimble traders. All the stocks in my *list of extremely oversold stocks generated positive returns with Ezion, Croesus and Innovalues which posted between 15% – 45% potential upside.
*I have compiled a list of stocks which were trading at or near all time oversold levels with other key data such as NAV; average analyst target prices; supports and resistances etc for my clients which I have sent out on 23 Aug Sun and updated on 25 ......