SG Stocks To Watch (Singtel)

2016Sep-SingTel-800x600

Singtel (SGX:Z74)

Singtel has managed to continue its recovery from it’s pivot establishment since our last week’s update (http://singaporestockstrading.com/2016/09/02/sg-stocks-watch-singtel/).

At the current junction, the closing of Doji Star Candlestick Patterns (low volume) implies a healthy pause in the current short term rally which coincide within the support zone of $4.06 – $3.97 levels. It is likely to see further upside strength for Singtel to retest its all time high nearing $4.28 immediate resistance level.

 

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