Following up from blog post few weeks back >> http://singaporetradinginsights.blogspot.com/2018/07/singtel-rebounded-but-can-reversal.html
We have seen the 3.30 resistance still holding well and sellers came back…
When it broke the 3.20 about 2 weeks ago, there were some signs of weakness again unfortunately…
And hence some downside targets were drawn for a potential retracement back down…
It seems like any reversal back up was shortlived and sellers were back in control to take it lower…
See what I mean..
Just last week, we saw the 3.15 temp support giving way as well…
We are now back to the 3.10 psychological support…
Cautious more weakness if this fails where we can be heading back to the critical 3.00 downside target as reiterated…
Want to Attend a free online training that Reveals the framework we use?
Click here to register before we close >> https://stocktradingmasterclass.com/registration
No comments:
Post a Comment