Price in 5 mins shows unreasonable price & volume formed. Despite high volume traded intraday, but the stock price stays within the range. This could mean the "Jedi" are holding the price up while churning volume to looks good to the public. From our analysis, we find these price movement a price peak & a possible short term retrace is building up. Which going...
Watch for break of resistance point of 2.6, look for daily close above. Tomorrow opening above 2.6 would be good for some upside moves provided it closes green. Alternatively a downward move is also possible, all depends on tomorrow opening. a retest of lows of 2.3 or trendline is possible. 19 May is earnings date, could be a catalyst for a rebound should it...
Midterm bullish on Singtel. Looks like an under and over on weekly. Reclaimed range low and it looks like it wants to tag range high. Here are the bullish scenarios: 1) Tag and reclaim range high and move higher. 2) Tag range high, reject and range. (Most likely scenario) There is a bearish scenario where price loses range low again and go lower. So far looks...
Prices are approaching support in line with our ascending trend line where we could see a bounce above this level.
Prices are approaching support where we could see a bounce above this level. Ichimoku cloud and stochastic are showing signs of bullish pressure as well, in line with our bullish bias.
Price is facing bearish pressure from our first resistance in line with our descending trend line, graphical resistance area and fibonacci confluence where we could see a further drop here.
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 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 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
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.