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I'm a Singaporean. The purpose for all my blogs is to share my life experiences in Singapore.

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Protect them at all costs
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Wednesday, January 5, 2011

Singtel Technical Analysis (5 Jan 11)


See it for yourself and make your own judgement.

Support/Resistance:
The chart is still outside of the symmetric triangle after XD date for dividend. We shall see whether the break out is real or not in the next two weeks. Major Resistance will be at $3.50 and Major Support will be at $2.75.

Indicators:
Nothing to say about MACD and RSI, but for stochastic, it is showing a sign of oversold condition at the moment.

My Target Price:
It will be a good buy @ $2.75.

Please note that I am using TA to position myself for long term investing and not to predict the direction of the market.
Posted by Freedom Achiever at 9:49 PM

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