Username
Password
Forget Password?
  1. Indices
  2. Commodities
  3. Currencies
Straits Times 3,204.71 -4.73 -0.15%
Hang Seng 27,598.02 +384.61 +1.41%
Dow Jones 25,758.69 +89.37 +0.35%
Shanghai Composite 2,698.47 +29.50 +1.11%
SingTel ST: the RSI is oversold
Trading Central | 2018-02-12 01:59:00

The configuration is negative.

Our pivot point is at 3.42.

Our preference: the downside prevails as long as 3.42 is resistance.

Alternative scenario: above 3.42, look for 3.46 and 3.49.

Comment: the RSI is below 30. It could either mean that the stock is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day MA (respectively at 3.54 and 3.61). SingTel is currently trading near its 52 week low at 3.36 reached on 09/02/18.

Supports and resistances:
3.49 **
3.46 *
3.42 **
3.4
3.37 (SGD-last)
3.3
3.28 **
3.25 *
3.22 **

Copyright 1999 - 2018 TRADING CENTRAL

Sign up to Daily Warrants Charter

Top 5 Today
All Rights Reserved. Pioneers & Leaders (Publishers) Pte Ltd. Best viewed with Mozilla Firefox 3.5 and above.