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Tuesday, April 19, 2016

SingTel

SingTel - 19th April 2016

SingTel after hitting the low of 3.65 on 11th April it had managed to stage a strong recovery to touch 3.96 on 19th April.This is rather bullish.

The current price is staying above the SMA lines which is generally rather positive.



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

Short term wise it may continue to trend higher to re-visit 4.01 then 4.10 with extension to 4.20.
(trade base on your own decision)

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