Call issued yesterday to clients at 9.32am, TODAY A clear breakout seen, can it cross our target at 4.30 now? Congrats to those who participated.
From previous buy trading call, Singtel has headed to a high of 4.32 before some profit taking seen. On a weaker general market it has consolidated for about 2 weeks from 4.05 to 4.20 level. Support at 4.05 would be good to accumulate. Any breaking back upwards above 4.20 can see it trade to 4.30. Longer term uptrend still intact with 100 day MA pulling away from 200 day MA line. Strong volume seen today as it attempts to cross back 4.20, watchlist for more upside.
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