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Tuesday, March 22, 2016

SingTel

SingTel - 22nd Mar 2016

SingTel had a nice run-up after hitting the low of $3.40 on 26th Jan 2016 and had managed to head higher to touch $3.90 on 18th Mar 2016.This is rather bullish.

The current price of $3.86 is staying above the SMA lines which is generally rather healthy / positive.



Also both Macd & Rsi indicators are still trending upwards of which may provide further indication that the share price may continue to head higher.

Crossing over of $3.90 with ease + good volume that may trigger to drive the share price higher towards $4.10 and $4.18.
(trade base on your own decision)


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