On Tuesday, Singtel re-test the support at $3.50 and closed at $3.51 with regular volume of 17.79 million shares traded.

Both RSI & MACD are bearish though RSI in oversold region.

Important Resistance of Singtel: $3.61

Immediate Support of Singtel: $3.50

Currently prices are resisted by 200 days MA at $3.61.

Prices have been falling steeply since the support at $3.77 has been breached with high selling pressure. This is a bearish signal.

The support at $3.50 is expected to be strong.

The support at $3.50 will be the last gate for the bulls. Heavy selling will be further triggered if this support breached with high volume. We do not suggest to buy now.

Stock Chart: Singtel! is contributed by : Singapore Stock Information Exchange