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Thursday, December 12, 2013

SingTel

Update for Singapore Telecom 16 Apr 2014 - SingTel is on a uptrend mode as reflected from TA point of view. Yesterday breaking out of $3.68 with quite good volume plus closed well at $3.70 this is generally positive. All 3 indicators are pointing upwards which may support the share prices from heading higher. Short term more likely to move up towards $3.78.(trade base on your on decision)

Update for Singapore Telecom 16 Mar 2014 - SingTel is rather bearish from TA point of view. All 3 indicators are trending downwards which is rather negative. On 14 Mar 2014 it had futher gap down from $3.55 and closed lower at $3.52 couple with quite high volume is rather bearish. Short term it may continue to trade lower towards $3.42. Think it will be good to consider to accumulate between $3.42 to $3.43.(trade base on your own decision)

Update for Singapore Telecom 2 Mar 2014 - SingTel had indeed went up to test $3.58 on 14 Feb and closed well at $3.59 on the same day. It has since risen up to $3.66 on 27 Feb. Last Friday experienced a gap down to $3.60 couple with high volume is quite bearish. Short term is better to wait for the dust to settle down first. Think it is still good to consider to accumulate from $3.45 and below. ( trade base on your own decision)

Update for Singapore Telecom 16th Feb 2014 - SingTel has again tested $3.42on 5 Feb 2014 and bounced off to close higher at $3.52 yesterday (11th Feb). Same scenario had been repeated 3 times(History always repeat itself. Can consider to accumulate at $3.42). All 3 indicators such as MACD,RSI & Stochastic are turning upwards which is rather positive. Breaking out of $3.58 may see it rises towards $3.68 then $3.90.
(trade base on your own decision)

Update for Singapore Telecom 17th Jan 2014 -  SingTel seems to have bounced off from the low of $3.48 on 17 Jan and managed to closed at $3.52. Immediate observation is to wait and see if it is able to cross over $3.58 with good volume in order to reverse this downtrend and goes up.
(Trade base on your own decision)

Singapore Telecom - from the chartwise point of view, seems to be oversold . This oversold position is also being indicated on Stochastic indicator. RSI seems to show sign of turning up to cross over 30% mark. I think good opportunity present to pick up at $3.45 to $3.50. TP $3.75 - $3.80.
(Trade base on your own decision)

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