2/2/18 – Singtel

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Weekly Chart: Price action on the stock seems to be trading in a consolidation range with an up build of a bearish character. If the market breaks 2016’s structure low, it would have completed a bearish trend requirement. Thus, increasing the probability of Singtel’s share price to drop even lower. What the possibility of that??

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Daily Chart – It seems that there’s a great probability of such happening, as price action has recently just broken previous structure low ~ forming a bearish trend. If you’re planning to long this stock, It would only be wise to be in when a retracement happens. I’d think Singtel has a high probability to be trading around 2013 price level.

 

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