On Tuesday, Singtel re-test the support at $3.75 and closed at $3.82 with regular volume of 24.7 million shares traded.

Both RSI & MACD are flat as RSI trend sideways.

Important Resistance of Singtel: $3.93

Immediate Support of Singtel: $3.81

Currently prices are supported by 50 days MA.

The selling pressure seems to ease Today as prices rebound strongly against the support of $3.73 after under panic selling for the past few trading sessions.

The support at $3.73 is expected to be strong.

Since Nov 2012, prices have been well supported by the 50 days MA. In fact, Singtel also rebound against this support today. Do consider entry for Singtel near the $3.73 support if interested.

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