Thursday, April 23, 2015

SingTel - Will it continues to move higher ?

SingTel price has been moving up nicely, recently it has pulled back from 4.57. As of yesterday, the price touched the purple line which represent support level that we normally use as a guide to enter a trade that we apply using our super trend system. 

Based on the chart, every time the prices touch the purple line, the chance of technical rebound is high. Obviously support level is at 4.30 and resistant price 4.56 and stop loss 4.27   

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