Since the beginning of the year when Singtel was around 3.40, we have seen it selling all the way down to 2.20 in March when Covid-19 hit...
And then it rebounded...
BUT downside targets were drawn and it sold off again... to about 2.62 now. ️🎯
The questions is; "𝗖𝗮𝗻 𝘁𝗵𝗲𝗿𝗲 𝘀𝘁𝗶𝗹𝗹 𝗯𝗲 𝗺𝗼𝗿𝗲 𝘄𝗲𝗮𝗸𝗻𝗲𝘀𝘀 𝗮𝗵𝗲𝗮𝗱?" 😬
Hey there, Joey here, Top Tier Remisier in Phillip Securities.
This is actually Not just about how Covid 19 has caused it's recent sell down 𝑩𝑼𝑻 𝑴𝑼𝑪𝑯 𝑴𝑶𝑹𝑬 𝒕𝒉𝒂𝒏 𝒕𝒉𝒂𝒕. 🤓
Essentially, it is about how the Singapore Telco sector is doing on the whole? 📱
Has 𝐒𝐢𝐧𝐠𝐭𝐞𝐥 𝐛𝐞𝐞𝐧 𝐖𝐄𝐀𝐊 EVEN BEFORE the pandemic hit? If yes, then 𝐖𝐇𝐘?
Well, join me in this 𝘃𝗶𝗱𝗲𝗼 (𝗥𝗲𝗰𝗼𝗿𝗱𝗲𝗱 𝟮𝟴 𝗠𝗮𝘆 𝟮𝟬𝟮𝟬) as I dive into the chart of Singtel and share some of the 𝐂𝐑𝐈𝐓𝐈𝐂𝐀𝐋 levels you want to be taking note of.
Is the trend still DOWN and can there be more selling? What do we want to look out for? 📵🤞🤞
Watch this video all the way to the end to see what I mean.
Like and Share if you found it useful.👍
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