SingTel (T48) - It's Average up time!

Anyway you tweak it, SingTel will turn out good! Inverted Head and Shoudlers or a Cup & handle, you name it!. I really like the volume dried up as price went down and the increasing volume with today’s climb. The 8 and 13 DMA were converging towards a roll over. This is a “Golden Cross “ to buy. MACD signals just crossed but still in –ve territory is telling us a good upside can be envisaged. In fact, this is my favourable point to pile up! The Candlestick pattern is now exhibiting a “Engulfing Bull”. This is suggesting of a price surge as buyer now move in with enthusiasm. The OBV is continuing to make higher low and RSI halted its decent and now curled up at 54. Both tell in concert that probability of upside is great. Earning report on Wednesday and huge hot cash in hand, to me there is no better time than now!

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P/s CNA News Lastest: SingTel won legal case against StarHub