On Wednesday, Singtel re-test the support at $3.08 and closed at $3.09 with HIGH volume of 28.69 million shares traded.

Three black candles occurred in the last three days.  Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.

Both RSI & MACD are flat as RSI trend sideways.

Important Resistance of Singtel: $3.11

Immediate Support of Singtel: $3.08

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

Since Sept 2011, prices have been consolidating between the key support at $3 and key resistance at $3.26.

The support at $3.08 is expected to be strong as well.

We would suggest investors to watch if prices can be pullback to $3 support in the coming week since it is very strong support.

Stock Chart: Singtel! is contributed by : Singapore Stock Information ...