Thursday, September 14, 2017

TWO OVERSOLD STOCKS: SPH, COMFORTDELGRO

SPH stock, ComfortDelgro stock
Dear readers, there are currently two large-cap stocks which are oversold. The two stocks are ComfortDelgro stock and SPH stock. The RSI of both stocks is in the Oversold region.

Let us take a look at ComfortDelgro stock. At the current stock price of $2.20, we will need to see whether the support at $2.15 level will be tested next. This stock is currently in a downtrend, already under its 200-Days-Moving-Average. Overall, the narrative of this stock is how Uber, Grab and all these newer transport models will continue to disrupt the traditional taxi business.

Another stock worth highlighting is SPH stock. Looking at technical charts of SPH, the trend is down all the way (unlike the technical charts of ComfortDelgro which still manages to exhibit some ups and downs in the stock price chart). I think investors are waiting for the new CEO, Mr Ng Yat Chung to step in and look forward to his vision for SPH. Join the emailing list to receive regular Financial and Singapore stocks newsletters too! Like" me on Singapore Stocks Investing Facebook page to receive all posts on your Facebook as well as read more articles. Follow me on Twitter too.

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