Friday, June 12, 2015

Singtel: Did you accumulate for the rebound?

Seems like some reactions spotted today, did you manage to lock in some positions last week like our clients? Now at 4.23 !

Sent: Thursday, June 04, 2015 2:44 PM
Subject: ******** Singtel: Rebounding above 4.10 can see it reverse back up, price 4.15
Following up from previous accumulate call, we have seen Singtel break back upwards above the 4.10 resistance level today on top 5 volume.This price action can lead the recovery back to 4.20 then 4.30 were originally the support levels. Note that a Bullish Piercing Candlestick patterm was spotted on yesterday closing with it closing abobe the middle mark of the previous day candlestick bar. The move above 4.10 psychological resistance today can serve as a confirmation for a rebound potential. Stochastic and RSI indicators looks oversold with MACD also showing a bullish crossover soon which can lead the recovery. Can conside accumulating above 4.10 immediate support now.

No comments:

Post a Comment