Singtel seems to be able to bounce off from the low of 3.76 which is rather close to the support level at 3.75 and stage a strong upwards thrust to touch 3.88 today.
The closing price of 3.84 is still hovering below the SMA lines which is still not out of the wood yet unless it is able to head higher to cross over 3.96.
Macd is about to turn up to cross over the signal line which may likely provide indication that the share price may have a high chance of moving higher.
Breaking out of 3.96 with good volume that may propel to drive the share price higher towards 4.00 with extension to 4.20 and above.
(trade base on your own decision)
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