SingTel has been trading above its upward sloping 20-Day Moving Average which is a good sign. In addition, there is a technical level at 3.98 which may support any short-term retracement.
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Straits Times has been trading above its upward sloping 20-Day Moving Average which is a good sign. The support and resistance level of Straits Times are 3311.44 and 3464.79 respectively. Based on the indicator analysis, the counter is primed for some price weakness as indicated by the RSI being in the overbought region.
Commentary Based on Daily Chart (25 Jul 2014)
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