Sunday, May 8, 2022

Technical Analysis May 2022: SINGTEL (SGX: Z74)



SINGAPORE TELECOMMUNICATIONS LTD

Observation from Chart: 

SINGTEL (Z74) forming higher high & higher low pattern. 

Will it retest strong support level ? 

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

Immediate support @ $2.67 support level. 
Subsequent support @ uptrend support level. 

Immediate resistance @ $2.80 level 
Subsequent resistance @ $3.00 level. 

Let's watch closely for Disclaimer.