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

Singtel Stock Code Z74.SGX

Outlook

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.

Strategy                  

$2.55                 Sell

$2.40                 Price Target

$2.64                 Risk Management Stop

3 weeks              Trade Duration


CFD Trading – Buy Singtel (Z74.SGX) @ $2.64. Stop @ $2.54 and Target @ $2.88.

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

CFD Trading Note – Buy SingTel (Z74.SGX) @ $2.38. Stop @ $2.28 and Target @ $2.51

SingTel Stock Code Z74.SGX

Outlook

Price broke above the cloud a few days ago and has managed to stay above the cloud following the breakout, keeping the uptrend intact. Conversion and Base lines had a bullish crossover, confirming the bullish trend. Lagging Span is above price of 26 days ago but is below the cloud. MACD is bullish with both its lines moving further away from the zero line, which is a hint of a strong bullish price trend. If price can stay above the cloud, we are expecting price to advance to the previous resistance level at $2.51.

Strategy

$2.38                 Buy

$2.51                 Price Target

$2.28                 Risk Management Stop

3 weeks Trade Duration

CFD Trading – Buy Sing Tel (Z74.SGX) at $2.30. Stop at $2.20 and Target at $2.44.

SingTel Stock Code Z74.SGX

Outlook
Price broke above the cloud on 13 November 2020 and has stayed above the cloud. Before breaking above the cloud, price broke above a recent high at $2.23, forming an Ichimoku reversal. Conversion and Base lines had a bullish crossover, confirming the bullish trend. Lagging Span is at price of 26 days ago but is below the cloud at the moment. MACD is bullish, with the slower line moving above the zero line in the previous session. Going by the Ichimoku V-shaped price projection, we have a price target of $2.46

Strategy
$2.30                 Buy
$2.44                 Price Target
$2.20                 Risk Management Stop
3 weeks Trade Duration

CFD Trading – Buy SingTel (Z74.SGX) @ $2.28. Stop at $2.20 and Target at $2.43

Singtel Stock Code Z74.SGX

Outlook
Price broke below the cloud in late May and has stayed below the cloud since that day. The price correction has come down to the gap zone support from $2.28 to $2.26. Conversion and Base lines do not have a bullish crossover as yet. Lagging Span is below price of 26 periods ago and also below the cloud, hinting of a bearish trend. MACD is below the zero line and is still bearish at the moment. However if price can stay above the gap zone support, we could see a reversal of the downtrend and a likely move to the lower edge of the cloud.

Strategy                  
$2.28                 Buy
$2.43                 Price Target
$2.20                 Risk Management Stop
3 weeks             Trade Duration