Thoughts on SingTel?

2021-12-20

Hey guys! Let me know your thoughts on $SINGTEL(Z74.SI)$

With the current downtrend of price moving within the descending trendline and price moving below the ichimoku cloud, I'm looking to short if it retraces to 2.36 where the overlap resistance is. I'll have my stop loss at the last swing high at 2.43 and my take profit at 2.25 in line with the 100% Fibonacci projection.

Entry: 2.36[Smile]

Take Profit:2.43[Miser]

Stop Loss: 2.25[Cry]

$Singtel 5xShortSG230713(DKMW.SI)$

$Singtel 5xLongSG231214(DBYW.SI)$

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RudolfKennedy
2021-12-20
RudolfKennedy
SINGTEL's share price is on the decline channel and cannot be bought at present.

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