gabrielchua

Singtel oversold but needs further confirmation (SGX Z75)

Short
SGX:Z74   SINGTEL
MACD and RSI showing signs of oversold
Waiting for upward trend to 2.96 for stock to pass EMA before buying
Recent trade war and new competition from TPM in telco may cause further volatility.
Recommend not to long, sell to lock in profits

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.