Sunday, February 23, 2020

Technical Analysis Feb 2020: SINGTEL (Z74)


SINGAPORE TELECOMMUNICATIONS LTD 

Observation from Chart:

SINGTEL (Z74) retest strong support level, $3.10 level.

Will it technical rebound ?

Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K oversold stage, pending trigger BUY call.

Immediate support @ $3.10 level.
Subsequent support @ $3.05 level.

Immediate resistance @ $3.23 level
Subsequent resistance @ $3.37 level.

Let's watch closely.

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