Singtel: Breakdown caught yesterday then a rebound from low today as predicted near support.....

Range has shifted lower from 3.40 to 3.60 now….. Let’s watch !!!  J

Sent: Monday, September 28, 2015 10:06 AM
Subject: ******* Singtel: Breakdown of 3.60 spotted, more weakness before a technical rebound expected near 3.40

Singtel has traded from 3.60 to 3.80 for more than a month and today we have seen a breakdown below the 3.60 level on top 3 volume. As mentioned in previous email, this can pave the way to 3.50 then 3.40 next before we expect a technical rebound from this levels again. Those who would like to accumulate for any quick rebound can do so near this support. Would expect 3.60 to remain as the resistance for now and as long as it trades below 3.60, we are still in a bearish trend with 100 day MA crossing below the 200 day MA line currently and with it finding a new low on each minor consolidation.

Sent: Tuesday, September 08, 2015 10:14 AM
Subject: ******* Singtel: New recent low at 3.60 support..... price 3.61

Following up from yesterday call, we have indeed seen the 3.65 support failed to hold and it has headed to the 3.60 psychological support further. If this does not hold too, we can expect a move towards 3.50 then 3.40 where we can expect people to start bargain hunting again for the long term and a possible rebound from there. Those looking to accumulate on dips can seriously consider as it approaches this level for the long haul. For now, still a negative in the short term, with supports getting broken down on each minor consolidation.

Sent: Monday, September 07, 2015 10:36 AM
Subject: ******* Singtel: Temp support at 3.65 for now, More weakness below if it fails to hold, price 3.68

May start to see some support around the 3.65 level which was the support for October last year. There can be more downside below this as mentioned to 3.60 then 3.40. Sellers still emerging on any slight rebound along with market weakness so don’t be too quick to accumulate huge long position on any new low. Those looking to accumulate for the long term can consider as it approaches 3.40 – 3.50 level. Short term trend still downwards with 20 day MA line accelerating lower on today’s price action further and technical indicators still looking weak.