Home Capital Right Timing

Caution as Yinda spikes; blue chips recover

The Edge Singapore
The Edge Singapore 5/28/2021 6:30 AM GMT+08  • 4 min read
Caution as Yinda spikes; blue chips recover
As Sea enters MSCI Singapore, blue chips have strengthened while lower liners surged temporarily.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Leaving the narrow range of the Straits Times Index aside, Catalist-listed Yinda Infocomm experienced a sudden surge that elicited a query from regulators. In two trading sessions, prices rose from 20 cents to a high of 39.5 cents. The stock was trading at 35.5 cents on May 27. Technically, such surges are rarely part of sustained moves, especially by small caps — unless one considers the likes of the three penny stocks which crashed in 2013 and the related ISR Capital which has been renamed.

Although quarterly momentum has been a lot higher in a previous rally, short-term indicators are at the top end of their ranges. Stochastics, 21-day RSI and ADX are at their all-time highs, indicating an extreme overbought situation. The only advice is to trade with caution.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.