Stock with Momentum: Singapore Telecommunications

In today’s fast-paced stock market, understanding the subtle cues of technical analysis is crucial for smart investing.

In this article, we highlight Singapore Telecommunications Ltd (Singtel) (SGX: Z74), which is showing strong further upside continuation.

Key highlights from the technical report:

Singtel

Market Position: Singtel is designated as a ‘technical buy’. The stock has reached our previous target price of S$3.34, showing strong signs of a long-term uptrend with multiple technical indicators suggesting further bullish momentum.

Entry Prices and Support Levels: Recommended entry points are at S$3.23, S$3.04, and S$2.96, with established support levels at S$3.04 and S$2.93.

Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$2.82. Identified resistance levels are at S$3.26 and S$3.60.

Target Prices: Set at S$3.45, S$3.63, S$3.75, and S$4.20.

Company Overview: Singtel provides wireless telecommunication services. The company offers a diverse range of services, including fixed, mobile, data, internet, TV, and digital solutions.

For a more detailed analysis, click on the link to access the report.

Take advantage of the stock’s momentum.

Our goal is to provide you with clear, actionable insights from the complex world of stock charts and trends. Whether you’re an experienced investor or new to the market, our analysis is tailored to help you navigate the market with confidence.

Please refer to the attached report for the disclaimer.