Sunday, February 28, 2016

Chart[6] - Singtel

SingTel has completed its first wave of rebound from 3.4 to 3.8. It retreated to 3.64 then bounced to 3.7. It showed that support @ 3.64 is firm. Price could be either range bouncing, or forming higher high.

 

Adding indicator, EMA10(Close), EMA10(Open) and EMA50, price rebounded from EMA50. Trader could take position for potential upward movement. Trend might look down shall price break down from middle line of Bollinger Band ~ 3.64.