SingTel

It went ex-dividend on last Friday and the price was being sold down from $3.47 to close at $3.30 level , down 17 cents which is more than the dividend of 10.7 cents, looks rather negative!

Pls mind the Gap !
Will there be any throw-back reaction come Monday, if not, it may continue to be under selling pressure!


I think the next destination will be $3.20 follow-by $3.10 and below.

Not a call to buy or sell.

Pls dyodd.

25th July 2019
Today closing price at $3.47 seem to be holding above its recent low of $3.45 and forming a doji on the chart which may seem to be rather uncertain.

It is going ex-dividend tomorrow with 10.7 cents dividend and the first support level would be at $3.35 level.

It would be crucial to see if $3.35 is able to hold up well, failing which it may continue to fall further towards $3.30 then $3.25 and below.

24th July 2019
TA wise , looks bearish!
Breaking down of 3.45 would be quite ugly and may see the price goes down to revisit 3.40 then 3.35.

The next destination is 3.20 follow by 3.10.

Not a call to buy or sell.

Pls dyodd.