Dear readers, as usual, we will turn our spotlights to STI constituent stocks on a weekly basis. I will highlight selected STI stocks in this post.
ComfortDelgro stock: this stock seems to be rising up slowly after forming a base formation.
SPH stock: this stock just comes out from “Oversold”.
Capitaland, CapitaMall Trust, Keppel Corporation, Sembcorp Industries , Thai Beverages, YangZiJiang stock: “Overbought” based on RSI level
Global Logistic Properties: “Overbought” of course since it was acquired
Jardine Cycle & Carriage: just reached “Oversold”
On a broader level, the STI ETF which tracks the STI seems to be bullish with the 5DMA deviating out from the 20DMA. STI ETF is approaching the “Overbought” region.
The stocks markets have seem to be doing well after President Trump’s election and the fact that the results of the other European nations are of an outcome which satisfy the stocks markets ......