Singtel


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.

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