On Tuesday, Singtel re-test the resistance at $3.60 and closed at $3.56 with LOW volume of 9.33 million shares traded.

Both RSI & MACD are bullish as RSI trend upwards.

Important Resistance of Singtel: $3.60

Immediate Support of Singtel: $3.50

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

Since 16/Nov/2012, prices have been trending upwards forming a higher high and higher low. This is a bullish signal.

The support at $3.50 is expected to be strong.

If interested, we suggest watch for any pullback to at least to the support at $3.50. Avoid buying near the $3.60 resistance.

Important News

Midas Holdings has won a 22.7 million euro (US$29.35 million) contract to supply aluminium-alloy extrusion profiles to the Russian railway market. The deal was sealed between Jilin Midas Aluminium Industries and Ural Locomotives, a joint-venture company ...