Shares & Derivatives
Singtel nears two-year lows, will it go lower? (2 Feb 18)
By Ernest Lim's investing blog  •  February 4, 2018
Dear all Singtel has breached below $3.50 on increased volume last Fri. This is significant as it has not closed below $3.50 since 4 Feb 2016. Volume has picked up significantly with the drop. Will Singtel go lower? Singtel’s chart analysis Singtel has breached below its trading range $3.57 – 3.65 established between 18 Dec 2017 – 30 Jan 2018 on 31 Jan 2018. Volume has accompanied the fall by surging for the past four days and the volume of shares transacted for the past three days hit a daily volume of 49 – 51m shares per day. This is the highest daily volume transacted for the past eight months. The break at $3.57 points to a measured technical target of $3.48 which should be easily attained. Indicators such as OBV is at a three-year low. Amid negatively placed directional indicators, ADX has ......
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By Ernest Lim's investing blog
I am an avid investor, trader cum remisier. I am a Chartered Financial Analyst® charterholder, as well as, a Chartered Accountant of Singapore. I have published articles on a wide range of topics on finance and investment, ranging from market / sector outlook, technical analysis and fundamental analysis etc.
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