Monday, July 3, 2017

Singtel: Upside target still on tracked.. price 3.91

Just last week we saw some bullish actions in Singtel and a note was sent out.

After consolidating below 3.85 for about 3 months, finally, we saw some actions with it breaking through.

Moving averages were starting to converge positively then which was a good sign too.

Today, we have seen Singtel traded higher and even a move above the temp 3.90 level today.

Looking set to test 4.00 in the short term where we can see some profit taking again.

Targets drawn on the chart still playing out well.... See the chart that was sent out last week below...

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System wise, let’s just say we saw something nice recently, yes before the up move… ;) PTI grads can check!

For illustration purpose only

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