Saturday, August 1, 2020

Technical Analysis Aug 2020: SINGTEL (Z74)



SINGAPORE TELECOMMUNICATIONS LTD 

Observation from Chart: 

SINGTEL (Z74) forming triangle pattern.

Will it break the resistance or support? 

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

Immediate support @ $2.42 level. 
Subsequent support @ $2.19 level. 

Immediate resistance @ $2.67 level 
Subsequent resistance @ $2.84 level. 

Singtel dividend $0.0545 going ex-date on 4 Aug 2020

Let's watch closely for opportunity.

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