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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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It is different from the common shares.
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Don't attempt to try these even you are an expert
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This is the method I use when buying stocks
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Protect them at all costs
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Know your own limits and rules of the game.

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Wednesday, July 21, 2010

Singtel Technical Analysis (21 Jul 10)

See it for yourself and make your own judgement.

Support/Resistance:
The price still remained close to $3.00 in the last two week. However I believe that a big price movement is going to come soon. Resistance will be at $3.50 and Support will be at $2.75.

Indicators:
For MACD, RSI, these two indicators are at the mid point. Stochastic indicator is going up which may mean buying momentum is building up.

My Target Price:
It will be a good buy @ $2.75 and a good sell @ $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.
Posted by Freedom Achiever at 7:26 PM

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