Stock with Momentum: Singtel

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

In this article, we focus on Singapore Telecommunications Ltd (SGX: Z74), which is showing signs of a bullish breakout.

Below are some key highlights from the technical report:

Singapore Telecommunications Ltd 

• Market Position: Singtel is designated as a ‘Technical Buy’. Despite a strong correction on April 2, 2024, the stock edged up with buying pressure.
• Entry Prices and Support Levels: Recommended entry points are at S$2.46, S$2.40, and S$2.35, with support levels established at S$2.39 and S$2.31.
• Stop Loss and Resistance Levels: To safeguard investments, a stop loss has been advised at S$2.28. The resistance levels identified are at S$2.49 and S$2.68.
• Target Prices: Target prices are set at S$2.52, S$2.65, S$2.74 and S$2.82.
• Company Overview: Singtel offers 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 momentum.

Our goal is straightforward: 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.