To Crytal Ball SingTel (T48)
One of the viewer of this blog has requested me to evaluate SingTel.
I ran a simple and quick Go and No Go check and here is the verdict!
1. Volume synch – Price down and high volume up: a signal of more sellers than buyers and an inevitable short term downtrend.
2. 100 EMA(blue) crosses 50 EMA(red). Not a good signal
3. ADX down and D+ and D- down, a non directionless trend
4. RSI –Down from 52 to 48
Verdict: No Go
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