On Friday, Singtel re-test the resistance at $3.22 and closed at $3.19 with LOW volume of 20.69 million shares traded.
A white candle stick with long upper shadow indicates that investors are fearful of the resistance and choose to sell at that level.
Both RSI & MACD are flat as RSI trend sideways
Important Resistance of Singtel: $3.22
Immediate Support of Singtel: $3.18
Currently prices are supported by 20/50/100/200 days MA at $3.11.
For the past 2 weeks, Singtel has been trend sideways with low trading volume and this affirms on the low interest from the investors.
The resistance at $3.22 is expected to be very strong.
We do not advise to buy till the break out of the resistance at $3.22 with high volume to affirms the reversal.
On Friday, Biosensors trend sideways and closed at $1.28 with LOW volume ...
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