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No changes in my last analysis as compared to two week ago. Singtel is either going up to $4 or going down to $2.40. I am planning for both direction. If it goes up to $4, I will sell all my Singtel position. However if it goes down to $2.40, I will be adding new position. So it doesn't matter for me whether the price goes up or down as long as the dividend is consistent. Singtel price has been around $3 for quite a some time already and I believe it is going to have some big movement very soon. Other indicators like MACD, RSI and Stochastic seem to be going uptrend. Please note that I am using TA for long term investing and not to predict the direction of the market. I am bias on the upside since it has shown sign of breaking out the small down trend channel.
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