(adsbygoogle = window.adsbygoogle || []).push({ google_ad_client: "ca-pub-8679583308408160", enable_page_level_ads: true });

Thursday, January 7, 2016

SingTel

SingTel - 7th January 2016

SingTel has also been on a downtrend mode after hitting a high of $4.10 on 26th Oct 2015 and had since fallen further down to close at $3.46 on 7th Jan 2016. This is rather negative.
Both MACD & RSI are also showing sign of being oversold.



Technically , a rebounce may be happening soon.

The Support level at $3.43 seems quite formidable and hopefully can withhold further falling down from this level.

If not, $3.00 will be a very good price to consider for accumulation.

EPS is about 24 cents. Current price of $3.46 is about PE 14.5times.
(trade/invest base on your own decision)

No comments:

Post a Comment