
Singtel shows resistance at 4.00 dollars..... Drop to 3.93... Maybe further .....
Er sorry but cannot access leh.
Hopefully it'll come back again for another bounce.
www.bear-analysis.blogspot.
Did an analysis on it.
Let me know your comments =)
What a gain! Thanks to Mr Lee....

Looks like today is SINGTEL'S Day.....
And I hope it can sustain.....bec. my profit is not made yet as I bht. it at high end.
Congrats again to FARMER......You are cute ...man.(I love to read your posting.) ...
Cheeers.... .... ... !!!
Yes... in this kind of market, it's definitely better to grab profits first, no matter how much...
This is a "sell on the rallies" market, as distinct from a full-blown bull run...
In a full-blown bull-run, any ordinary buyer can simply "whack" any stock and pocket a fat smiling profit 3 days later...
Profit not matter how small is always better than loss! Cheers!
Those buying at low 3.7 can consider taking profit if not greedy....going for kopi liao.
Oh! There's some X deal done at 3.7~ but the BB also selling big...take note!
Good....at last some positive TP to substain the STI....
My sifu Ten4One relaxes and 'plays' shares and also gives us enjoyable and uplifting comments... hehehe...
Don't hope STel falls below 3.70 despite it didn't announce any div during the last result. Arab king will buy it to keep. Cheers.
Farmer's trading idea for SingTel looks ideal - just 'play' within the trading range depending on the sentiments prevailing. Cheers!
Shucks. I need to correct my previous post.
Instead of a buy at 3.68, it should read 3.58.
Do bear in mind this counter has a pretty high INTRADAY volatility. This is what makes it attractive to do routine range plays.
I agree with Rustyhaster on the significance of the 3.57 level, but as to how much further it will drop, it depends a lot on market sentiment. To give a clue, see what actually happened to the market as a whole on those days Singtel plunged below 3.52. And then take a look at the subsequent few trading days after those plunges.
Nevertheless, I'd like to advocate more caution in these volatile times (there are so many schools of thought on whether the US is heading for recession or whether it is a temporary correction of the excesses).
Forget about the resistance/support level for this counter as its trading has been volatile for quite sometime already greatly affected by market sentiment. Just remember to repeat your buy/sell order for now.
I see its long term earning prospect/outlook still intact. With lesser M&A targets(except Vietnam) on the card, excess cash will be return back to share holder in the form of special dividends thus transform it into a dividend play counter in times to come.
For this singtel, the first bearish resistance test should be at 3.68 followed by the second one at 3.62. It go lower than 3.57 hahaha it will drop even further liao. HAPPY CNY
Support level seems to thread lower, similar across the board.....don't get burnt....
ya agree totally with CWQuah :) am doing the same thing as well :)
but now i will only buy in below 3.65 :)
Below 3.68 - Buy. Below 3.50 - Buy and hold.
Above 3.82 - Sell. Above 3.90 - Sell all.
If you can consistently do this every few days... hehe. Just love the ranging patterns.