On Monday, Singtel re-test the resistance at $3.64 and closed at $3.61 with LOW volume of 10.91 million shares traded.
Both RSI & MACD are flat as RSI trend sideways.
Important Resistance of Singtel: $3.64
Immediate Support of Singtel: $3.48
Currently prices are supported by 20 days MA.
Today is the 3rd time that prices re-test the resistance at $3.64 and failed to closed above the resistance.
The resistance at $3.64 is expected to be strong.
The white candle stick with long upper shadow similar to a “shooting star” affirms on the weakness of the rally. We do not suggest buying now unless $3.64 resistance can be breached with high buying pressure.
Stock Chart: Singtel! is contributed by : Singapore Stock Information Exchange
