Support at 3.60 did not seem to hold as per previous 2 calls….. more weakness still? Note levels where you can start accumulating…. J
Sent: Monday, January 04, 2016 9:53 AM
Subject: ************ Singtel: Breakdown seen below 3.65 temp support.... weak below still.... price 3.62
Subject: ************ Singtel: Breakdown seen below 3.65 temp support.... weak below still.... price 3.62
Following up from previous note, we have indeed seen a breakdown below the 3.65 support level as mentioned, looks set to test the 3.60 psychological support as mentioned. There can still be more downside if the 3.60 fails to hold too. Trend still weak below 3.65 now which has turned resistance. CFD SELL positions can be used on a further move below 3.60 where we can ride the down side to 3.45. Those looking to long can do so below 3.50 as some bargain hunting will occur there.
Sent: Wednesday, December 30, 2015 9:49 AM
Subject: ************* Singtel: Consolidation for now, more downside if 3.65 support breaks down.... but note opportunity to accumulate... price 3.68
Subject: ************* Singtel: Consolidation for now, more downside if 3.65 support breaks down.... but note opportunity to accumulate... price 3.68
Singtel has broke below the 3.75 support level last week and has since consolidated from3.65 to 3.70 over the past week. Moving averages are all pointing lower so trend might still be weak especially with it still trading below the 3.70 – 3.75 resistance. Any breakdown below 3.65 can pave the way to 3.60, 3.50 then 3.45. Those looking to accumulate this blue chip for a great bargain can do so below 3.50 if it does dip to that level. Has been support above the 3.40 support level for about 3 years and this support looks good still for now to lock in some long positions.
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