Singtel: Rebound in progress, did you join us to accumulate, price 4.16

Let’s watch if it can cross back up above the 4.20 next resistance level, congrats to clients who managed to enter over the past 2 days on a bargain.

Sent: Tuesday, June 02, 2015 9:12 AM
Subject: ******* Singtel: Short term weakness can present opportunity to accumulate, price 4.05

Singtel looks set to head towards the 4.00 psychological support in line with market weakness where we can start seeing some bargain hunting from there. Those looking for long term accumulation and has already taken profit previously can also consider enter on dips near 4.00. Have been holding above this level since August last year which should provide a pretty good support ground.

Sent: Friday, May 29, 2015 9:40 AM
Subject: ******* Singtel: Short term weakness can present opportunity to accululate, price 4.10

From previous call, we have indeed seen some weakness in Singtel as it stays below the 4.20 level and has headed to our next support at 4.08 – 4.10 level. This would serve as a temp support for any rebound back to 4.16 then 4.20.  Moving below 4.10 can pave the way to the critical 4.00 level where those looking to accumulate on dips can seriously consider locking in some positions on a bargain. There still can be more short term downside below 4.10 now with 20 day ma LINE starting to reverse downwards. However longer term MA line still sloping upwards firmly, could be just a short term retracement.