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Friday, August 12, 2016

SingTel

SingTel - 13rd Aug 2016

SingTel after going ex.dividend on 3rd Aug 2016 it had since managed to trend higher to close the gap on 2nd Aug 2016 and head higher to close well at $4.22 on 12th Aug 2016. This is rather bullish.



Also both Macd & Rsi are showing sign of a positive divergence that may provide further indication that the share price may continue to trend higher.

Short term wise I think it may head higher to re-test the recent high of $4.36. Breaking out of $4.36 with high volume that may drive the share price higher towards $4.50 with extension to $5.00.
(trade base on your own decision)

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