Singtel (Z74): Towards S$4.00-S$4.10
Singtel broke above its accumulation zone last week, also more signifacntly, it traded and closed above its downtrend line (which Wyckoff calls it Supply Line). This is technically significant as it exhibit demand exceed supply situation.

With momentum and trading activity continues to be bullish, we should see Singtel trading towards S$4.00. And S$4.10 if bullish momentum gain pace.

Disclaimer applies.

Popular posts from this blog

MIT: Expecting Change of Momentum after Existing Downtrend Line

Keppel DC REIT, Are We There Yet?

Expecting Further Upside for Tencent (700:HK)