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...
Currently staying neutral for STI. It is trading below the range EQ of 2689.97 and has not been able to reclaim this. This is bearish, which means every bounce should be shorted.
However, it is trading above the Order Block (OB) EQ of 2517.52 – hanging by a thread. This is the critical point to look at: whether we reclaim this or lose this at monthly close....
