Traded Value$SingTel(Z74.SG)is trading at $4.67 (prev $4.7 ~ 4.8), showing continued weakness after breaking below key support and moving within the $4.65 ~ $4.84 range.
Recent price action confirms a deeper pullback from the earlier uptrend, with selling pressure picking up and previous support levels failing to hold. The breakdown below $4.80 signals a shift in short-term sentiment.
Key Levels:
* Breakdown below critical $4.80 support (now acting as resistance)
* Testing lower support at $4.65 – $4.70 zone
Strategy:
Singtel is now in a short term bearish phase, with focus on whether buyers step in at this support zone or allow the correction to extend further.
* $4.65 holds, potential for buying interest and a technical bounce
* Breaks below $4.65, downside risk increases
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
