negative divergence

Caution warranted with penny stocks at overbought highs as STI slumps  - THE EDGE SINGAPORE

Right Timing

Caution warranted with penny stocks at overbought highs as STI slumps

A couple of penny stocks are at overbought highs and could come tumbling down.
Weakness sets in for some of STI’s components  - THE EDGE SINGAPORE

Right Timing

Weakness sets in for some of STI’s components

DBS and Keppel Corp have broken below their 50-day moving averages. Indicators suggest they are likely to head lower
Safer to err on the side of caution as STI’s support appears precarious - THE EDGE SINGAPORE

Right Timing

Safer to err on the side of caution as STI's support appears precarious

With the STI testing a weak support, traders should stay cautious as volatility sets in overseas.
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