Price is approaching resistance where we could see a drop below this level. Ichimoku cloud is showing signs of bearish pressure as well, in line with our bearish bias.
Humbled, we would like to thanks for your support who has already liked, commented and followed us. Your support, strengthens us, to help in analyzing the market. Based On Technical Analysisi SINGTEL - Still in Bearish trend
Price is approaching our first support in line with our ascending trend line where we could see a bounce above this level
Hey guys! hope you had a good Christmas break! I maintain a bullish view on $SingTel(Z74.SI) here. For me, price is testing support where we could see a bounce here. What are your thoughts on this?
Potential short term trade here, price is facing bullish pressure from our support where we could see a bounce here.
Price is approaching support where we could see a bounce above this level to our first resistance target. Stochastic is approaching support as well where we could see a bounce above this level.
Singtel has been turning on 60 degrees cycle .. next is expected on Dec 14. It has made a higher low on daily chart as in early December, Singtel has worn digital banking licence from the Sg government so this should propel the shares higher. There is a also a clear double bottom from Nov 2008.
MAS award digital full bank license to the Grab-Singtel consortium on last Friday may boost investors confident on this all time Singaporean favorite shares again. We are looking at first TP: $2.50
Price is approaching our support level and a break above our descending trend line could see a further upside
From every view it seems the worst is priced in. It is a different matter whether that is yet come or not. We focus on price actions to make long term investment decisions. Things to note: 1. Dividend Yield as on date : 5.8% 2. Can the company fail? -- Not possible as its a Singapore Blue Chip. Anyone who knows Singapore Market/ economy will not even think about...
Price is approaching support where we could see a bounce from our buy entry
Price is approaching our first support in line with our ascending trend line , 23.6% fibonacci retracement and 78.6% fibonacci extension where a test of this level could see a bounce from here.
Price is sitting on a key support level and a break above the trend line could provide the bullish confirmation, currently I am keeping a close watch on how prices play out and would not consider any long positions before the break of the descending trend line
Keeping my long call on Singtel here, love to hear your thoughts on it!
Price is facing bullish pressure where we could see a bounce from here
Price is approaching a key support level where we could see a bounce from here, stochastic is showing a bullish divergence as well.
We caught the reversal nicely on SingTel previously and I maintain a bearish view on the stock. A break below our first take profit target could open room for a further drop to our second take profit target.