Friday, January 8, 2016

Singtel: Low at 3.40 before a rebound seen today....

Sell down then a rebound….. did you manage to bargain hunt?

Sent: Thursday, January 07, 2016 9:24 AM
Subject: ************ Singtel: Approaching key support levels where we can expect some bargain hunting again..... price 3.54
Following up from previous sell calls, we have indeed seen Singtel break below key support levels and traded lower. It is now near to the 3.45 – 3.50 level as mentioned previously where we can see some bargain hunting. Those looking to cover back some short positions can consider doing so near this levels. It may also be good to go long and accumulate for those who are keen to hold for the longer term at price near 2 year lows.

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