As of yesterday closing, OCBC is the 19th STI index stocks to have a golden cross of 50d EMA cut up 200d EMA. UOB could be the next as it is very close in forming the golden cross. Note the 3 banks DBS, UOB and OCBC have a combine very heavy weightage in contributing to STI value. Now with 2 of the 3 already formed the golden cross thereby increases the chance of a firm support in the STI.
| STI Index Component | Golden Cross |
|---|
| Capitaland | Yes |
| CapitaMall Trust | No |
| CapMallsAsia | Yes |
| CityDev | Yes |
| CommfortDelGro | Yes |
| DBS | Yes |
| F&N | Yes |
| Genting SP | No |
| GLP | Yes |
| GoldenAgr | Yes |
| HKLand US$ | No |
| Jardine C&C | Yes |
| JMH 400US$ | Yes |
| JSH 500US$ | Yes |
| KepCorp | Yes |
| NobleGrp | No |
| NOL | No |
| OCBC | Yes |
| Olam | No |
| SembCorp | Yes |
| SembMar | Yes |
| SGX | No |
| SIA | No |
| SIA Engg | No |
| SingTel | Yes |
| SPH | Yes |
| StarHub | Yes |
| ST Engg | Yes |
| UOB | No |
| Wilmar | No |
