On Wednesday, Singtel re-test the support at $3.65 and closed at $3.67 with HIGH volume of 32.51 million shares traded.
Both RSI & MACD are bearish as RSI trend downwards.
Important Resistance of Singtel: $3.73
Immediate Support of Singtel: $3.65
Currently prices are supported by 200 days MA at $3.65
On 14/Oct, prices have been breached the critical support at $3.73 with high selling pressure and this is a bearish signal.
The support turned resistance at $3.73 is expected to be strong.
We would not suggest to buy now since Singtel has been on heavy selling pressure today. Wait for consolidation would be a better idea.
Stock Chart: Singtel! is contributed by : Singapore Stock Information Exchange
