Stock Technical indicators to notice in SingTel (Z74.SI)
1- Last bearish trend was from 3.16 $ (2/3/2012) to 3.06 $ (2/16/2012) a 0.10 $ move 2- The current bullish trend started from 3.06 $ at 2/16/2012 and is currently trading at 3.12 $.
4- Z74.SI current resistance level is at 3.12 which is the 61.80 % fibonacci retracement of the last 0.10 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
SingTel (Z74.SI) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 3.160 .
7- The Stock formed a 0.120 $ height triangle which was broken down at 3.140 in higher than usual volume, target of the pattern is 3.020.
SingTel (Z74.SI) Mid term stock chart patterns for internet stock trading :
8- The Stock formed a 0.540 $ height triangle which was broken up at 3.100 in higher than usual volume, target of the pattern is 3.640 which was broken down at 3.110 in higher than usual volume, target of the pattern is 2.570.
SingTel (Z74.SI) Long term stock chart patterns for internet stock trading :
9- The Stock formed Double Bottom Pattern at 2.860 .
Stock Trading Conclusion:
SingTel (Z74.SI) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .
Stock Resistance Levels : 3.12, 3.16, 3.16, 3.19, 3.19, 3.20, 3.21, 3.22, 3.28, 3.64.
Stock Support levels : 3.11, 3.11, 3.10, 3.10, 3.09, 3.08, 3.08, 3.06, 3.02, 2.96, 2.88,.
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