SingTel 18 Oct 2016

SingTel (Yrly Div: 4.5%)

Support: $3.81
Resistance: $4.00 – $4.10
Next Resistance Level: $4.36

Stochastic: Bullish crossover under 20% level
MACD: Signals looking to crossover

Comments: Watchlist worthy. Good shorting opportunity using CFD if 200 DMA is broken. Stock is trading near the 200 days moving average (DMA). If a stock trades under 200 DMA, it may signify a change in long term trend (Downtrending). 14 DMA is trading close to 200 DMA. Ideally, 14 DMA should be trading well above 200 DMA.

Advertisements

Come, leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s