Singtel, one of my favorite stock is the current most frequently debated topic based on the latest movement of it’s share price and the tremendous increase in volatility in the recent days. Do pardon me, on my very first post on Technical Analysis, and to trading gurus and seniors, feel free to correct me should you have spotted any mistakes in this post :)
Coming to it, here, we see a very bearish chart from Singtel.
The price today at 3.49 has breached both it’s 20D MA (3.59) and 50D MA (3.63). As much as it had slightly breached the 3.49 mark, slipping to 3.48, immediate support can be seen building at 3.49 which have held the price