Singtel: From last week call, Downside indeed seen as it hits our next target at 3.60... price 3.61

Can the 3.60 level hold too?

Sent: Wednesday, 2 September, 2015 9:21 AM
Subject: ********* Singtel: Support breakdown seen again, new low, can present some opportunities further down... price 3.69

Following up from previous call, seems like both the support at 3.76 and 3.70 did not hold over the past few days. We have seen a low at 3.66 today we some strong selling pressure seen on throw downs. May start to head lower towards 3.60 if it stay below 3.70 support turned resistance now where we may expect a technical rebound again. Those looking to accumulate on dip can do so again near 3.60 for a temp rebound.