Technically, it is not looking good for SingTel as its 20-Day Moving Average is sloping downward and its price action is below the Moving Average line. For a turnaround to occur, the price needs to decisively break the resistance of 3.93 which has resisted any recent upward movement. The indicator analysis on RSI is not exhibiting any extreme condition. Watch out for the 30% and 70% levels which indicate any oversold and overbought condition respectively.
Click on the links to read more
The support and resistance level of Straits Times are 3277.97 and 3387.84 respectively. It is observed that the MACD line of Straits Times is above the centreline indicating some degree of strength in the price movement.
Commentary Based on Daily Chart (01 Sep 2014)
INVESTOR RELATIONS FEATURED COMPANY
SINCAP GROUP LIMITED
GSH CORPORATION LIMITED
ShareInsightTM is published by ChartNexus Software Pte. Ltd. ('ChartNexus') and provided by UOB Kay Hian Pte Ltd ('UOB Kay Hian') and has been prepared for general circulation.
This document is intended solely for information purposes only.
Any opinion contained in this document is subject to change without prior notice.
Nothing in this document may be copied, published, circulated or reproduced without our express written consent.
Nothing in this document should be construed as an offer to or a solicitation for the purchase of any securities/ instruments referred to herein.
The securities/ instruments referred to in this document may not be suitable for investment by all persons and any recommendation made in this document does not have any specific investment objectives nor is it intended to address the specific financial situation and needs of any particular person. Whilst we have based the market outlook on known technical analysis tools and information from sources which we believe to be reliable, we nevertheless do not make any representations, undertakings or warranties in respect of the accuracy, correctness or completeness of the information. You are therefore expressly advised not to act of such information without first obtaining independent verification and advice.
Any forecasts made in this document are not necessarily indicative of the future performance of the securities/instruments.
ChartNexus and UOB Kay Hian accept no responsibility and liability howsoever arising for any direct and/or consequential losses arising from and/or in connection with any use of the information in this document (and any further communication made in connection with this information).
ChartNexus, together with UOB Kay Hian and their affiliates, directors, connected persons and employees may from time to time have an interest in or take positions in the securities/instruments mentioned in this document.
UOB Kay Hian Pte Ltd. All rights reserved. Company Registration Number 197000447W