Back to 4.50 ?
Sent: Monday, April 27, 2015 10:33 AM
Subject: ***************** Singtel - more upside likely above 4.40 now, price 4.41, Watchlist
Subject: ***************** Singtel - more upside likely above 4.40 now, price 4.41, Watchlist
Following up from previous call, seems like it is breaking upwards above the 4.40 psychological resistance level today. Note that staying above now can lead to a rebound back to the 4.50 then 4.58 resistance levels. As long as 4.40 holds in the near term, still good to go with both 100 and 200 day MA line still sloping upwards gradually
Sent: Friday, April 24, 2015 10:33 AM
Subject: ***************** Singtel - back to support at 4.30 and consolidating , more upside likely above 4.40 now, price 4.36
Subject: ***************** Singtel - back to support at 4.30 and consolidating , more upside likely above 4.40 now, price 4.36
From previous buy call, we have indeed seen Singtel traded to a high of near 4.60 before profit taking on a weaker market also. For the past 3 days, we have seen it dipped back to the critical 4.30 support level which was originally the resistance level since February that it broke out from. This would form a base for any rebound back to above 4.50 level. Can consider accumulating on dips near the 4.30 support level for any rebound. As long as 4.30 holds in the near term, still good to go with both 100 and 200 day MA line still sloping upwards gradually. Moving below 4.30 can see it trade lower to 4.20 then 4.10 too where those looking for longer term accumulation can consider entry again.
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