Sunday, August 30, 2020

Technical Analysis Aug 2020: SINGTEL (SGX: Z74)



SINGAPORE TELECOMMUNICATIONS LTD 

Observation from Chart: 

SINGTEL (Z74) forming double bottom pattern? 

Will it retest $2.19 & rebound? 

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

Immediate support @ $2.27 level. 
Subsequent support @ $2.19 level. 

Immediate resistance @ $2.32 level 
Subsequent resistance @ $2.45 level. 

Let's watch closely for opportunity. 

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