Thursday, December 3, 2020

Technical Analysis Dec 2020: SINGTEL (SGX: Z74)

SINGAPORE TELECOMMUNICATIONS LTD 

Observation from Chart: 

SINGTEL (Z74) retrace down to FIBO 50% level & rebound. 

Will it breakout $2.54 resistance level?

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

Immediate support @ $2.27 level. 
Subsequent support @ $2.21 level. 

Immediate resistance @ MA20 level 
Subsequent resistance @ $2.45 level. 

Let's watch closely Disclaimer.

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