On Friday, Singtel re-test the resistance at $3.50 and closed at $3.45 with regular volume of 21.5 million shares traded.

Both RSI & MACD are bearish as RSI trend downwards.

Important Resistance of Singtel: $3.50

Immediate Support of Singtel: $3.40

Currently prices are resisted by 20 days MA at $3.50.

Since 26/Feb, prices have been consolidating along the key support of $3.40 and key resistance at $3.50. The breakout of either side would indicate the end of the consolidation trend.

The resistance at $3.50 is expected to be strong.

If interested, we suggest watch the support at $3.40 as it could be a good entry price.

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