Singtel Technical Analysis (19 Jan 10)

Just take my analysis as a pinch of salt. No changes in my last analysis 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. 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.