Shares & Derivatives
Stock Chart: Singtel, Biosensors!
By Dou  •  October 23, 2011

On Friday, Singtel re-test the resistance at $3.22 and closed at $3.19 with LOW volume of 20.69 million shares traded.

A white candle stick with long upper shadow indicates that investors are fearful of the resistance and choose to sell at that level.

Both RSI & MACD are flat as RSI trend sideways

Important Resistance of Singtel: $3.22

Immediate Support of Singtel: $3.18

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

For the past 2 weeks, Singtel has been trend sideways with low trading volume and this affirms on the low interest from the investors.

The resistance at $3.22 is expected to be very strong.

We do not advise to buy till the break out of the resistance at $3.22 with high volume to affirms the reversal.

On Friday, Biosensors trend sideways and closed at $1.28 with LOW volume ...

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By Dou
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