Singtel Stock has been on the decline in its stock price. Today, a long-legged doji formed at the close of the trading session after three consecutive doji sessions. As technical chartists know, dojis are the state of the market which is not decisive but in today’s doji session, the buying was strong with a clear support at $3.58 to $3.65. Telecoms stocks like Singtel are always good for investors looking for defensive dividend plays in the current markets backdrop though if interest rate is to increase, telecom stocks will become less attractive. So following today’s doji, will Singtel head north tomorrow 9 Sep 2015?
Yamada Green Resources, a S-chip stock has been increasing steadily from close to $0.07 to $0.097 today. Will the northward momentum keep continuing tomorrow? The volume into Yamada Green Resources was strong today. I have spotted this stock earlier but did not ......