Singtel Stock Code Z74.SGX
Outlook
After reaching a high at $2.88 on 12 May, price went into a decline. The price correction was supported by the cloud, keeping the uptrend intact. Conversion and base lines remain in a bullish crossover, hinting at a bullish price trend. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish price trend. MACD is bullish and is hinting at a bullish price trend. If price stays above the cloud, we are likely to see a rally to the previous high at $2.88 in the next 2-3 weeks.
Strategy
$2.64 Buy
$2.88 Price Target
$2.54 Risk Management Stop
3 weeks Trade Duration
