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
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...
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.