On Friday, Singtel re-test the resistance at $3.50 and closed at $3.45 with regular volume of 21.5 million shares traded.
Both RSI & MACD are bearish as RSI trend downwards.
Important Resistance of Singtel: $3.50
Immediate Support of Singtel: $3.40
Currently prices are resisted by 20 days MA at $3.50.
Since 26/Feb, prices have been consolidating along the key support of $3.40 and key resistance at $3.50. The breakout of either side would indicate the end of the consolidation trend.
The resistance at $3.50 is expected to be strong.
If interested, we suggest watch the support at $3.40 as it could be a good entry price.
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