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)
No comments:
Post a Comment