Shares & Derivatives
WILL THESE TWO OVERSOLD BLUE-CHIP STOCKS RALLY NEXT?
By Singapore Stocks Investing (SSI)  •  February 21, 2017
There are two blue-chip stocks which are currently oversold. Pardon me, if the two stocks that I am going to present next are not blue-chips in your definition. It is understandable since in today’s stocks markets, what have been blue-chips might no longer be blue-chips. Take for example, Sembcorp Marine stock. In its heydays, Sembcorp Marine stock traded at over $5 a share and compare this with its current stock price.In the same token, Singpost, a traditional stock in mails was a blue-chip stock and it could still be one if its transformation into e-commerce as well as partnership with Ali Baba still prove attractive. Singpost stock is currently oversold with its RSI below 30 and it made a small rebound yesterday to $1.38.Another blue-chip stock, Starhub stock is currently oversold too with RSI below 30 and trading at $2.81. If investors want to invest in ...
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By Singapore Stocks Investing (SSI)
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