On Thursday, Singtel re-test the resistance at $3.11 and closed at $3.10 with regular volume of 22.36 million shares traded.
A white candle sticks with long upper/lower shadow affirms that investors are hesitant in buying up as it approaches the resistance at $3.11.
Both RSI & MACD are bullish as RSI trend upwards.
Important Resistance of Singtel: $3.11
Immediate Support of Singtel: $3.07
Currently prices are resisted by 20/50 days MA at $3.11
Today prices re-test the critical resistance at $3.11 but failed to breakout.
The $3.11 resistance is expected to be very strong.
Since the current price is very near to the resistance, we would suggest only to buy on breakout of $3.11.
Stock Chart: Singtel! is contributed by : Singapore Stock Information Exchange
