SingTel is approaching support Price is approaching support where we could see a bounce above this level to our first resistance target. Stochastic is approaching support as well where we could see a bounce above this level.
Z74 trade ideas
Singtel Z74 on 60 degrees cycle ... next turning point on Dec 14Singtel has been turning on 60 degrees cycle .. next is expected on Dec 14. It has made a higher low on daily chart as in early December, Singtel has worn digital banking licence from the Sg government so this should propel the shares higher.
There is a also a clear double bottom from Nov 2008.
Good News for Singtel New businessMAS award digital full bank license to the Grab-Singtel consortium on last Friday may boost investors confident on this all time Singaporean favorite shares again.
We are looking at first TP: $2.50
SingTel is approaching support, wait for break above trend line Price is approaching our support level and a break above our descending trend line could see a further upside
Singtel - Z74 - is the worst priced in?From every view it seems the worst is priced in. It is a different matter whether that is yet come or not. We focus on price actions to make long term investment decisions. Things to note:
1. Dividend Yield as on date : 5.8%
2. Can the company fail? -- Not possible as its a Singapore Blue Chip. Anyone who knows Singapore Market/ economy will not even think about this.
3. Will it continue to pay dividends : History states it will. Remember as a GLC , its one of the revenue sources to shareholders.
I am not putting any SL on this.
As such, there is no reason not buy/invest in it when the banks only pay 0.1% on your savings.
SingTel approaching support, potential bouncePrice is approaching support where we could see a bounce from our buy entry
Singtel is approaching support, potential bounce Price is approaching our first support in line with our ascending trend line , 23.6% fibonacci retracement and 78.6% fibonacci extension where a test of this level could see a bounce from here.
SingTel is testing support, wait for break above trend line firsPrice is sitting on a key support level and a break above the trend line could provide the bullish confirmation, currently I am keeping a close watch on how prices play out and would not consider any long positions before the break of the descending trend line
Singtel could see a bounce here Keeping my long call on Singtel here, love to hear your thoughts on it!
Singtel facing bullish pressure, potential bouncePrice is facing bullish pressure where we could see a bounce from here
Singtel approaching support, potential bounce! Price is approaching a key support level where we could see a bounce from here, stochastic is showing a bullish divergence as well.
SingTel facing bearish pressure, potential for further dropWe caught the reversal nicely on SingTel previously and I maintain a bearish view on the stock. A break below our first take profit target could open room for a further drop to our second take profit target.
Singtel looking to SING?I know ... The title sound corny. Spotted this chart as I went through the whole spectrum of charts in the market. Vol spiked on break out yesterday. It has broken up the downward trendline. DMI + crossing above. EMA 8 crossing above EMA 13. It is a worthwhile short term technical trade in my opinion for a target closer to 3.
SingTel testing resistance, potential reversalPrice is facing bearish pressure from our resistance where we could see a drop to our take profit targets.
SingTel approaching support, potential bouncePrice is facing bullish pressure from our buy entry in line with our ascending trend line, 50% retracement and 100% extension and a pullback to our buy entry could provide a good opportunity to go long. RSI is seeing a bullish breakout as well.
SGX Singtel LongStock is trading near lower bound of uptrend channel. If breach, next support line could be 2.70 while next reistance line could be at 2.82.
Where is SingTel Heading ?Was chatting with an old friend and guess where we worked together last time ? No points for guessing.
Harmonic Patterns we originally created based on the studies on Stock prices. So yes it does work on Stocks & Indices too
I see two possibilities:
1. Bounce off the ABCD pattern at $3.00
2. Head slightly lower to complete the Bullish Crab Pattern at $2.84, confluence at the horizontal support
Bullish Butterfly on SingTel Bullish Gartley on SingTel daily chart
Previous day candle closed as Doji
View on Singtel (21/11)Bigger picture still bullish .
Unless price break below 2.97
Maybe a new HH to hit 3.65 in the long run.
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