I know ... The title sound corny. Spotted this chart as I went through the whole spectrum of charts in the market. Vol spiked on break out yesterday. It has broken up the downward trendline. DMI + crossing above. EMA 8 crossing above EMA 13. It is a worthwhile short term technical trade in my opinion for a target closer to 3.
Price is facing bearish pressure from our resistance where we could see a drop to our take profit targets.
Price is facing bullish pressure from our buy entry in line with our ascending trend line, 50% retracement and 100% extension and a pullback to our buy entry could provide a good opportunity to go long. RSI is seeing a bullish breakout as well.
Was chatting with an old friend and guess where we worked together last time ? No points for guessing. Harmonic Patterns we originally created based on the studies on Stock prices. So yes it does work on Stocks & Indices too I see two possibilities: 1. Bounce off the ABCD pattern at $3.00 2. Head slightly lower to complete the Bullish Crab Pattern at $2.84,...
Bullish Gartley on SingTel daily chart Previous day candle closed as Doji
View On Singtel (30 June 2019) It may make some pull back along the way but this counter is seriously in the UP trend now. I expect $3.10 to $3.3 will be good support region while it shall sooner or later reach $3.6 to $3.7 regions. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment". Thank You! Legal Risk...
View On Singtel (21 Feb 2019) This counter has been drifting lower for a long time and it "may" be a good time for the strong pullback. This move is to swing out last short traders. We are seeing a high possibility of the decent swing up. There shall be up and down swings along the way but 3.27 and 3.32 will decent resistants (aka TP levels for Long...
SGX:Z74 Singtel is currently in a falling channel. If you are keen to short, ATH to ATL Fib retracements at 0.618 and 0.768 targets highlighted in green boxes. We might have a slight bounce at $3.04 and if so, target between $3.17 to $3.25.