CFD Trading – Sell Singtel (Z74.SGX) @ $2.55. Stop @ $2.64 and Target @ $2.40.

Singtel Stock Code Z74.SGX


Price closed below the cloud in the previous trading session, changing the chart outlook to bearish.  Conversion and base lines had a bearish crossover earlier, hinting at a bearish price trend. Lagging Span is below price of 26 days ago but is above the cloud. MACD is bearish, with its both lines below the zero line and moving lower. MACD is hinting at a bearish price trend. We think price is likely to move lower to the previous price support at $2.40 in the next 2-3 weeks.


$2.55                 Sell

$2.40                 Price Target

$2.64                 Risk Management Stop

3 weeks              Trade Duration

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