Wednesday, February 4, 2009

SingTel ($2.53)


Support $2.48-50. Resistance $2.60-62.

Has lost 9.7% from $2.79 on Jan 29 to $2.52 today. Last pullback was 11.1% from $2.70 to $2.40 lasted 2 weeks compared to 3-4 days this time. A repeat of 11.1% fall will take it to $2.48.

Possible minor rebound later this week from $2.48-50. Stock near base of trend channel.

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