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Stock Chart: Singtel!
By Dou  •  July 18, 2012

On Wednesday, Singtel re-test the resistance at $3.48 and closed at $3.48 with LOW volume of 11.34 million shares traded.

During the past 10 bars, there have been 5 white candles and 5 black candles.  During the past 50 bars, there have been 23 white candles and 19 black candles for a net of 4 white candles..

Both RSI & MACD are flat as RSI trend sideways.

Important Resistance of Singtel: $3.48

Immediate Support of Singtel: $3.11

Currently prices are well above 20/50/100/200 days MA.

Today prices have re-tested the critical resistance at $3.48 with low buying pressure but failed to breakout.

The resistance at $3.48 is expected to be strong.

We do not suggest buying Singtel now as RSI near to overbought region. In fact, we urge to short at $3.48 resistance and cover loss if this resistance breached with ...

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By Dou
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