On Friday, Singtel broke the resistance at $3.14 and closed at $3.16 with HIGH volume of 25 million shares traded.

An engulfing bullish line occurred (where a white candle’s real body completely contains the previous black candle’s real body).  If the engulfing bullish pattern occurs during an uptrend, it may be a last engulfing top which indicates a top.  The test to see if this is the case is if the next candle closes below the top of the current (white) candle’s real body.

Both RSI & MACD are bullish as RSI trend upwards

Important Resistance of Singtel: $3.17

Immediate Support of Singtel: $3.14

Currently prices are supported by 100 days MA at $3.14

Singtel broke the minor resistance at $3.14 with high volume to indicate the bullish of the investors on Friday.

We would not suggest buying now since $3.17/$3....