Sunday, September 13, 2020

Technical Analysis Sept 2020: SINGTEL (SGX: Z74)

SINGAPORE TELECOMMUNICATIONS LTD 

Observation from Chart: 

SINGTEL (Z74) forming double bottom pattern @ $2.19 level? 

Will it bullish reversal? 

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

Immediate support @ $2.19 level. 
If break $2.19 support, lower low is confirm. Downtrend may resume.  

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

Let's watch closely Disclaimer

0 comments:

Post a Comment