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SingTel ST: the RSI is oversold
Trading Central | 2017-01-03 03:25:00

Alternative scenario: the upside breakout of 3.73 would call for 3.82 and 3.87.

Our pivot point is at 3.73.

Our preference:the downside prevails as long as 3.73 is resistance.

Alternative scenario: the upside breakout of 3.73 would call for 3.82 and 3.87.

Comment: the RSI is trading below 30. This could mean that either the stock is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day MA (respectively at 3.71 and 3.76).

Supports and resistances:
3.87 **
3.82 *
3.73 **
3.69
3.64 last
3.52
3.46 **
3.41 *
3.36 **

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