Across the board strength in Taiwanese equities

  • Troy Bombardia

    Troy Bombardia

    Published: 2020-07-08 at 02:50:40 CDT

Yesterday I looked at the surge in Chinese and HK stocks. Taiwanese stocks are surging as well, and 23% of them are now overbought (RS > 70).Similar historical cases of widespread overbought conditions sometimes led to a short term pullback in Taiwanese equities, particularly in recent years.

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