Friday, November 27, 2020

Follow up Technical Analysis Nov 2020: SINGTEL (SGX: Z74)



SINGAPORE TELECOMMUNICATIONS LTD 

Observation from Chart: 

SINGTEL (Z74) rebound from $2.00 low to $2.54 high.

Will it retrace down to 61.8% level? 

Other indicator:- 
MACD trade at positive region, uptrend sign. 
Stochastic %K on SELL call itinerary. 

Immediate support @ $2.42 level. 
Subsequent support @ $2.33 level. 

Immediate resistance @ $2.54 level 
Subsequent resistance @ $2.85 level. 

Let's watch closely Disclaimer.

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