Thursday, November 24, 2005

SingTel (T48) - Update


A Good Stock with bad publicity! Of course I do not have a “crystal ball” but I can read chart well! I like the RSI a lot, i.e.   it crossed the 50 and smartly tilted up. All other TA indicators are prefect and well.
To me, near resistance is $2.43 and the next resistance is $2.45. This coincides with retractment of 23.8%. To be conservative, watch out for the crosses of the Stochastic (chart shown likely crossing soon), Momentum tilt up and ADX curls up. Do not miss this one when it sprouts out of the consolidation. I bet it would be rosy and sweet as the upside is the type that makes trader sits on huge profit!

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