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Straits Times 3,162.28 +3.48 +0.11%
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Shanghai Composite 2,999.28 +13.62 +0.46%
SingTel ST: under pressure.
Trading Central | 2019-08-16 08:32:00

Short positions below 3.36 with targets at 3.12 & 3.02 in extension.

Pivot: 3.36

Our preference: short positions below 3.36 with targets at 3.12 & 3.02 in extension.

Alternative scenario: above 3.36 look for further upside with 3.45 & 3.56 as targets.

Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

Supports and resistances:
3.56
3.45
3.36
3.20 Last
3.12
3.02
2.92

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 08-16-2019 at 10:32 UTC+1
Price reference: 3.20 last known on 08-16-2019 at 10:32 UTC+1
Investment horizon: ST

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