A reversal in the making?
Sent: Friday, February 05, 2016 11:47 AM
Subject: ************ Singtel: Broke above the key 3.60 resistance surprisingly, may start to see some upward momentum above now, price 3.62
Subject: ************ Singtel: Broke above the key 3.60 resistance surprisingly, may start to see some upward momentum above now, price 3.62
Singtel has staged a pretty impressive rally back to the key 3.60 resistance and has even broke above on top 2 volume today. Staying above now would be a good sign and can lead to any reversal back up to 3.75 then 3.90. At this level, it has pulled away from the 20 day MA line with price action confirming it further. Indicators are also looking strong and trending upwards. Stop loss at 3.57 for any long positions for now.
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