On Wednesday, Singtel re-test the support at $3.11 and closed at $3.13 with HIGH volume of 48.2 million shares traded.

A black candle stick with long lower shadow indicates that investors are buying when prices dip to the support of $3.11

Both RSI & MACD are bearish as MACD lines about to “cross down”.

Important Resistance of Singtel: $3.18

Immediate Support of Singtel: $3.11

Currently prices are supported by 20/50/100/200 days MA at $3.11.

From the chart, we could see an ascending triangle with resistance at $3.18.

The resistance at $3.18 is expected to be strong and we could see strong selling pressure today as investors took profit.

We suggest to buy only on breakout of $3.18 otherwise wait if prices can pullback to $3 for better entry.

On Wednesday, Wilmar broke the support at $4.71 and closed at ...