Hola guys! I’m looking to short $SINGTEL(Z74.SI)$. Let me know your thoughts!
There are some bearish indicators on the 4Hwith the RSI approaching the descending trend line resistance and price moving below the moving average. It looks like price is tryingto break/test the ichimoku cloud as well. For these reasons, I’m biased that it’s bearish and looking to short to 2.44 in line with the horizontal swing Low support from 2.52 where the 38.2% Fibonacci retracement is. Going to place my stop loss at 2.57 where the swing high resistance is.
Entry: 2.52[Smile]
Take Profit: 2.44[Miser]
Stop Loss: 2.57[Cry]
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