Dear readers, once again, let us look at the performance of Singapore STI stocks for the week ending 22 Sep 2017. I will just highlight the notable movements of some key stocks here in this post.
First, ComfortDelgro stock. Needless to say more, this stock has been under selling pressure as the stock closed at $1.975 on 22 Sep 2017. I have already mentioned that this stock has more downside movement to come when it was trading at $2.10 to $2.20 and the stock movement tracked what I have said. Yes, oversold for ComfortDelgro stock.
Next, CapitaCommercial Trust which became oversold due to a 1.5% southward move on 22 Sep 2017. Another related stock, CapitaMall Trust is now also just oversold and same with ST Engineering stock.
On the other side of the equation, Keppel Stock has become just overbought.
The purpose of highlighting the ......