Singtel Mid Term TA

After hitting 2.83 low at the bottom line of downtrend channel (mid term chart), Singtel has been rebounding to near the upper line of the downtrend channel. 3.36 marked the 11-months high.
To break up the downtrend channel, first level to watch in short term (about a month) is 3.4. We are watching if downtrend channel will be successfully broken up. If not successful, suggest to take profit around 3.3-3.4.

Mid term chart (Source: Poems Mercury live chart) TA view for illustration purpose only

Hang Seng Index Long Term TA update

Long term (Monthly chart) trend shows in short term (about months) cannot break below 26k or else the long term uptrend will break down

Long term monthly chart (Source: HSI monthly chart) TA view for illustration purpose only