Singtel enjoyed a good run-up since Jan this year, after breaking up the range of 3.66 - 3.72, it moved up to a trading range of 3.72 - 3.85 then 3.85 - 4.
Recently it moved back down fast, as of today it is near to the lower level of 2nd range of 3.85 - 3.72. For a defensive good dividend yield play, this counter is one of the good choices (potential grow ie capital gain plus dividend return). Accumulation may start from here... if break below 3.71, next trading range will be 3.6 - 3.71 with mid price about 3.66
TA view for illustration purpose only.
Recently it moved back down fast, as of today it is near to the lower level of 2nd range of 3.85 - 3.72. For a defensive good dividend yield play, this counter is one of the good choices (potential grow ie capital gain plus dividend return). Accumulation may start from here... if break below 3.71, next trading range will be 3.6 - 3.71 with mid price about 3.66
TA view for illustration purpose only.
Short to mid term analysis (source : Poems Historical Chart ) |
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