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June 16, 2016 SingTel Stock Chart
June 16, 2015 Singapore Telecommunications Ltd, SingTel
Did you catch the falling knife?
We asked in our last posting that had anyone catch the falling knife? As we are concern, as it will not be a smooth sailing north. Of course as your practice, we will only buy or sell unless there is strong reasons.
We posted a closed up view and drawn a blue line connected all the mountains, we see the price action closed on and resisted by the trend line. The week chart really showed the price action rejected by the following blue declined trendline.
What’s the Trade Strategy?
Moving Forward, the price action may be trap between the two significant levels. Until the price action break away these significant levels. Just be aware, you may trade between the two levels. Buy support and sell resistance.
You can read about other Singapore Stocks scan in this website.
Thanks for visiting the website.
Moses
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