Dear Readers, due to the coming Chinese New Year holiday. The next issue of Shares Investment (582) will be published on 26 February 2018.

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  1. Indices
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Straits Times 3,476.53 -11.35 -0.33%
Hang Seng 30,873.63 -241.80 -0.78%
Dow Jones 25,164.33 -55.05 -0.22%
Shanghai Composite 3,199.16 +14.20 +0.45%
SingTel ST: short term rebound
Trading Central | 2016-12-13 02:59:00

Our preference: short term rebound.

3.7 is our pivot point.

Our preference:short term rebound.

Alternative scenario: below 3.7, expect 3.59 and 3.52.

Comment: the RSI is above 70. It could mean either that the stock is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the share stands above its 20 day MA (3.74) but below its 50 day MA (3.82).

Supports and resistances:
4.14 **
4.08 *
4.01 **
3.95
3.78 last
3.74
3.7 **
3.59 *
3.52 **

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