Singtel Technical Analysis (11 May 10)

See it for yourself and make your own judgement.

Support/Resistance:
The chart has went down below major support at $3.00. But there is no confirmation of a break down yet. The chart is still forming a very big symmetric triangle. It is still unknown whether it will break up or down. The major resistance will be at $3.25.

Indicators:
Looking at the MACD, RSI and Stochastic, it may not be a best time to buy or sell in my opinion.

My Target Price:
My target sell price will be $3.50.

Please note that I am using TA to position myself for long term investing and not to predict the direction of the market.