Saturday, January 1, 2022

Technical Analysis Jan 2022: SINGTEL (SGX: Z74)




SINGAPORE TELECOMMUNICATIONS LTD 

Observation from Chart: 

SINGTEL (Z74) forming ascending triangle pattern.

Will it rebound @ strong support level ?

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

Immediate support @ ascending support level. 
Subsequent support @ $2.20 level. 

Immediate resistance @ $2.50 level 
Subsequent resistance @ $2.60 level. 

Let's watch closely for Disclaimer.

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