Singtel: Rebounding from 4.30 support as per accumulate calls last week, price 4.38

Did you accumulate last week with us? Time to take profit now?

Sent: Monday, May 11, 2015 11:09 AM
Subject: ***************Singtel: potential breakout above 4.40- Positive above 4.30, price 4.35

Following up from previous call, Singtel has still been consolidating above the 4.30 support level for about a week. Range is currently from 4.30 to 4.36 then 4.40. Only a clear breakout above 4.40 can see it trade back up and recover to 4.50 then 4.56. Longer term 100 AND 200 day MA line still pointing upwards firmly, can consider to accumulate on dips above 4.30 as long as this support holds as mentioned previously. Stop loss at 4.27. Moving below 4.30 can pave the way to 4.20 then 4.05, otherwise still good above 4.30.

Sent: Monday, May 04, 2015 10:11 AM
Subject: ****************Singtel: Accumulate opportunity - Back to key support level at 4.30, Price 4.32

From previous call, we have indeed seen Singtel broke above the 4.40 resistance and headed to tested the 4.48 resistance level and retrace back down. It has broke below the 4.40 support and headed back to 4.30 support level which can present any opportunity to accumulate on dips again above the 4.30 support. 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.