Possible short on SingTel?

Forexbae
2021-11-02

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] 


$Singtel 5xShortSG230713(DKMW.SI)$

$Singtel 5xLongSG231214(DBYW.SI)$

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精彩评论

  • PeterMoore
    2021-11-02
    PeterMoore
    brilliant analyze, i will wait to buy point, no balls to short this lol 😅
  • AlanBell
    2021-11-02
    AlanBell
    IMO 2.40 around will be a better entry point, it formed a cross star at the bottom, maybe it a buyiny time, let's see 😃
  • s33b
    2021-11-07
    s33b
    why do you even bother with sg stocks? you can end up bag holding for years. for sg stock the play should be from a blue chip dividend stand point. shorting is not only risky but a waste of time.
  • Hasan 9057
    2021-11-07
    Hasan 9057
    🌷🌷🌷🌷🌷🌷🌷🌷🌷🌷🌷🌷🌷🌷🌷🌷🌷🌷🌷🌷🌷🌷🌷🌷🌷🌷🌷🌷🌷🌷🌷🌷🌷
  • 股票小霸王888
    2021-11-07
    股票小霸王888
    u r good
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