SingTel (Yrly Div: 4.5%)
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.