$SINGTEL(Z74.SI)$ This trade d

2021-06-09

$SINGTEL(Z74.SI)$ This trade didn't quite turned out as what I had expected. The long red candle on 28th May (the day after my earlier posting) was perhaps a sign of rejection and bearish engulfing.

Whilst I would have cut loss in other circumstances, this time around, diamond hands were activated and I held on to my Singtel shares.

Why? This is because of the potential catalysts ahead for Singtel such as tender offer for its AIS shares, partial sale of optus towers, digital bank partnership with grab and possible corporate actions for its infrastructure assets.

Current price level is close to support level and I have added today. Praying for the best!

@RFTrader：Singtel - Bullish price-action

SGX Stocks Opportunities

Share SGX companies' analysis and opportunities with Tigers!

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

SPOT_ON
2021-06-13
SPOT_ON
i have just added too... many got stucked too long.. especially those who didn't managed to sell at 2.60 recently
HiddenDragon
2021-06-10
HiddenDragon
better sell, no upside in short to mid term after grab postpone their listing.
晶小白
2021-06-10
晶小白
好

Leave a comment

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":189044147,"tweetId":"189044147","gmtCreate":1623236298589,"gmtModify":1704198962488,"author":{"id":3560029910979654,"authorId":3560029910979654,"authorIdStr":"3560029910979654","name":"RFTrader","avatar":"https://static.tigerbbs.com/3a840d4156346439e4bc9d451534d8fb","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":293,"starInvestorFlag":false},"themes":[{"themeId":"f30d73afc024457d84b85d95767a82d8","categoryId":"7cf744760f454845a1870a05ea4e151d","name":"SGX Stocks Opportunities","type":0,"rnLink":"https://laohu8.com/RN?name=RNTheme&page=/theme/detail&rndata={\"themeId\":f30d73afc024457d84b85d95767a82d8}&rnconfig={\"headerBarHidden\": true}","description":"Share SGX companies' analysis and opportunities with Tigers!","image":"https://static.tigerbbs.com/977210e5ffb1dd4d02a1ad243fb4fb66"}],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><a href=\"https://laohu8.com/S/Z74.SI\">$SINGTEL(Z74.SI)$</a>&nbsp;This trade didn't quite turned out as what I had expected. The long red candle on 28th May (the day after my earlier posting) was perhaps a sign of rejection and bearish engulfing.Whilst I would have cut loss in other circumstances, this time around, diamond hands were activated and I held on to my Singtel shares.&nbsp;Why? This is because of the potential catalysts ahead for Singtel such as tender offer for its&nbsp;AIS shares, partial sale of optus towers, digital bank partnership with grab and possible corporate actions for its infrastructure assets.Current price level is close to support level and I have added today. Praying for the best!&nbsp;</body></html>","htmlText":"<html><head></head><body><a href=\"https://laohu8.com/S/Z74.SI\">$SINGTEL(Z74.SI)$</a>&nbsp;This trade didn't quite turned out as what I had expected. The long red candle on 28th May (the day after my earlier posting) was perhaps a sign of rejection and bearish engulfing.Whilst I would have cut loss in other circumstances, this time around, diamond hands were activated and I held on to my Singtel shares.&nbsp;Why? This is because of the potential catalysts ahead for Singtel such as tender offer for its&nbsp;AIS shares, partial sale of optus towers, digital bank partnership with grab and possible corporate actions for its infrastructure assets.Current price level is close to support level and I have added today. Praying for the best!&nbsp;</body></html>","text":"$SINGTEL(Z74.SI)$ This trade didn't quite turned out as what I had expected. The long red candle on 28th May (the day after my earlier posting) was perhaps a sign of rejection and bearish engulfing. Whilst I would have cut loss in other circumstances, this time around, diamond hands were activated and I held on to my Singtel shares. Why? This is because of the potential catalysts ahead for Singtel such as tender offer for its AIS shares, partial sale of optus towers, digital bank partnership with grab and possible corporate actions for its infrastructure assets. Current price level is close to support level and I have added today. Praying for the best!","highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":3,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/189044147","repostId":135895014,"repostType":1,"repost":{"magic":2,"id":135895014,"tweetId":"135895014","gmtCreate":1622156312938,"gmtModify":1704180350548,"author":{"id":3560029910979654,"authorId":3560029910979654,"authorIdStr":"3560029910979654","name":"RFTrader","avatar":"https://static.tigerbbs.com/3a840d4156346439e4bc9d451534d8fb","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":293,"starInvestorFlag":false},"themes":[{"themeId":"f30d73afc024457d84b85d95767a82d8","categoryId":"7cf744760f454845a1870a05ea4e151d","name":"SGX Stocks Opportunities","type":0,"rnLink":"https://laohu8.com/RN?name=RNTheme&page=/theme/detail&rndata={\"themeId\":f30d73afc024457d84b85d95767a82d8}&rnconfig={\"headerBarHidden\": true}","description":"Share SGX companies' analysis and opportunities with Tigers!","image":"https://static.tigerbbs.com/977210e5ffb1dd4d02a1ad243fb4fb66"}],"images":[{"img":"https://static.tigerbbs.com/20580fed47aadc8b6bfb4e2f7e639b17","width":"1246","height":"703"},{"img":"https://static.tigerbbs.com/0a53d15f7fd463d1612958a0baf89bc2","width":"1246","height":"703"}],"coverImages":[{"img":"https://static.tigerbbs.com/20580fed47aadc8b6bfb4e2f7e639b17","width":"1246","height":"703"}],"title":"Singtel - Bullish price-action","extraTitle":"","html":"<html><head></head><body>After announcing a 93% drop in H2 net profit during pre-market yesterday, <a href=\"https://laohu8.com/S/Z74.SI\">$SINGTEL(Z74.SI)$</a>&nbsp;gapped down from previous day's closing at 2.46 to open at 2.41, which was right at its uptrend channel's bottom support level.During the first 10 minutes of trading, Singtel's share price continued to trend downwards to a low of 2.38 and momentarily fell out of the uptrend channel. After the first 10 minutes, its share price managed to recover off the early low and for most of the trading day, Singtel was trading between 2.40 and 2.42.During the last hour of trading, some bullish price-action was observed. Singtel's share price climbed to as high as 2.47 on heavy buying volume. It closed the day at 2.45, which was just 1 cent lower than the previous day. There are several bullish observations based on yesterday's price action:1) Despite a weak earnings announcement, the sell-down was only during the initial first 10 minutes and thereafter, Singtel's share price manage to recover strongly from the initial weakness. This is a bullish signal that investors are looking beyond the weak earnings and towards a recovery and value creation from its restructuring exercises.2) The recovery in Singtel's share price yesterday was accompanied with strong trading volume and closed near the day's high. 3) A long tail was observed in yesterday's candlestick. Selling was well-absorbed. Buyers overpowered sellers and keep Singtel within the uptrend channel.Yesterday's price action was bullish, and we will have to observe if the strength follows through today. Immediate resistance would be 2.47, which is the high for the last 3 trading days. Subsequent resistance levels are at 2.55 and 2.65 (channel top resistance).What could change my bullish view? If a&nbsp;bearish engulfing candle happens today.&nbsp;Trade with care and DYODD.<img src=\"https://static.tigerbbs.com/0a53d15f7fd463d1612958a0baf89bc2\" tg-width=\"1246\" tg-height=\"703\"><img src=\"https://static.tigerbbs.com/20580fed47aadc8b6bfb4e2f7e639b17\" tg-width=\"1246\" tg-height=\"703\"></body></html>","htmlText":"<html><head></head><body>After announcing a 93% drop in H2 net profit during pre-market yesterday, <a href=\"https://laohu8.com/S/Z74.SI\">$SINGTEL(Z74.SI)$</a>&nbsp;gapped down from previous day's closing at 2.46 to open at 2.41, which was right at its uptrend channel's bottom support level.During the first 10 minutes of trading, Singtel's share price continued to trend downwards to a low of 2.38 and momentarily fell out of the uptrend channel. After the first 10 minutes, its share price managed to recover off the early low and for most of the trading day, Singtel was trading between 2.40 and 2.42.During the last hour of trading, some bullish price-action was observed. Singtel's share price climbed to as high as 2.47 on heavy buying volume. It closed the day at 2.45, which was just 1 cent lower than the previous day. There are several bullish observations based on yesterday's price action:1) Despite a weak earnings announcement, the sell-down was only during the initial first 10 minutes and thereafter, Singtel's share price manage to recover strongly from the initial weakness. This is a bullish signal that investors are looking beyond the weak earnings and towards a recovery and value creation from its restructuring exercises.2) The recovery in Singtel's share price yesterday was accompanied with strong trading volume and closed near the day's high. 3) A long tail was observed in yesterday's candlestick. Selling was well-absorbed. Buyers overpowered sellers and keep Singtel within the uptrend channel.Yesterday's price action was bullish, and we will have to observe if the strength follows through today. Immediate resistance would be 2.47, which is the high for the last 3 trading days. Subsequent resistance levels are at 2.55 and 2.65 (channel top resistance).What could change my bullish view? If a&nbsp;bearish engulfing candle happens today.&nbsp;Trade with care and DYODD.<img src=\"https://static.tigerbbs.com/0a53d15f7fd463d1612958a0baf89bc2\" tg-width=\"1246\" tg-height=\"703\"><img src=\"https://static.tigerbbs.com/20580fed47aadc8b6bfb4e2f7e639b17\" tg-width=\"1246\" tg-height=\"703\"></body></html>","text":"After announcing a 93% drop in H2 net profit during pre-market yesterday, $SINGTEL(Z74.SI)$ gapped down from previous day's closing at 2.46 to open at 2.41, which was right at its uptrend channel's bottom support level. During the first 10 minutes of trading, Singtel's share price continued to trend downwards to a low of 2.38 and momentarily fell out of the uptrend channel. After the first 10 minutes, its share price managed to recover off the early low and for most of the trading day, Singtel was trading between 2.40 and 2.42. During the last hour of trading, some bullish price-action was observed. Singtel's share price climbed to as high as 2.47 on heavy buying volume. It closed the day at 2.45, which was just 1 cent lower than the previous day. There are several bullish observations based on yesterday's price action: 1) Despite a weak earnings announcement, the sell-down was only during the initial first 10 minutes and thereafter, Singtel's share price manage to recover strongly from the initial weakness. This is a bullish signal that investors are looking beyond the weak earnings and towards a recovery and value creation from its restructuring exercises. 2) The recovery in Singtel's share price yesterday was accompanied with strong trading volume and closed near the day's high. 3) A long tail was observed in yesterday's candlestick. Selling was well-absorbed. Buyers overpowered sellers and keep Singtel within the uptrend channel. Yesterday's price action was bullish, and we will have to observe if the strength follows through today. Immediate resistance would be 2.47, which is the high for the last 3 trading days. Subsequent resistance levels are at 2.55 and 2.65 (channel top resistance). What could change my bullish view? If a bearish engulfing candle happens today. Trade with care and DYODD.","highlighted":1,"essential":2,"paper":2,"link":"https://ttm.financial/post/135895014","repostId":0,"isVote":1,"tweetType":1,"commentLimit":10,"symbols":["Z74.SI"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":1532,"xxTargetLangEnum":"ORIG"},"isVote":1,"tweetType":1,"viewCount":1338,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["Z74.SI"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":549,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":4717240,"gmtCreate":1623543263227,"gmtModify":1663228607153,"authorId":3582922989777578,"author":{"id":3582922989777578,"authorId":3582922989777578,"name":"SPOT_ON","avatar":"https://static.tigerbbs.com/080f029371339d9db26930961de6adb1","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 100","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.29","exceedPercentage":"80.84%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":4,"crmLevelSwitch":1,"individualDisplayBadges":[{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at least one picked post and participated in comments within 30 days","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":0,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.10.05","individualDisplayEnabled":1,"backgroundColor":{"dark":"#675a37","tint":"#f9ebc2"},"fontColor":{"dark":"#ffffff","tint":"#ab7a0e"},"individualDisplaySort":0,"categoryType":2007}]},"repliedAuthorId":0,"objectId":189044147,"type":1,"supId":0,"prevId":0,"content":"i have just added too... many got stucked too long.. especially those who didn't managed to sell at 2.60 recently","text":"i have just added too... many got stucked too long.. especially those who didn't managed to sell at 2.60 recently","html":"i have just added too... many got stucked too long.. especially those who didn't managed to sell at 2.60 recently","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":4662128,"gmtCreate":1623300279503,"gmtModify":1663228344939,"authorId":3576136587240958,"author":{"id":3576136587240958,"authorId":3576136587240958,"name":"HiddenDragon","avatar":"https://static.tigerbbs.com/041eb19e38ad8e9d74b41569dcdfd51d","vip":1,"crmLevel":6,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":189044147,"type":1,"supId":0,"prevId":0,"content":"better sell, no upside in short to mid term after grab postpone their listing.","text":"better sell, no upside in short to mid term after grab postpone their listing.","html":"better sell, no upside in short to mid term after grab postpone their listing.","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":4661264,"gmtCreate":1623296048244,"gmtModify":1663228340545,"authorId":3581578112035806,"author":{"id":3581578112035806,"authorId":3581578112035806,"name":"晶小白","avatar":"https://static.tigerbbs.com/44b12a21e3a2eb6883fe012a0cd872bf","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":189044147,"type":1,"supId":0,"prevId":0,"content":"好","text":"好","html":"好","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/189044147"}