Buying SingTel?

Forexbae
2022-02-28

Hey guys! This is the lastone i'm looking at for today. Wondering if anyone else is also looking at $SINGTEL(Z74.SI)$ as well?

Price has been moving in a uptrend and personally I don't think it will be turning back anytime soon either. I'm looking to get in on the continuation at 2.50 where the 38.2% Fibonacci retracement and overlap support is. Will probably hold it to 2.63 where the 127.2% Fibonacci extension and have my stop loss at 2.45 where the next overlap support and 50% Fibonacci retracement is at.

Entry:2.50[Happy] 

Take Profit:2.63[Cool] 

Stop Loss:2.45[Cry] 

$Singtel 5xShortSG230713(DKMW.SI)$

$Singtel 5xLongSG231214(DBYW.SI)$

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Comments

  • PSG2010
    2022-03-02
    PSG2010
    Singtel will hit $3 to $4 one day... but by the time it does so... probably all my US holdings would hit 1000%. S A D
  • Mccoy
    2022-03-04
    Mccoy
    Singtel stock is slow moving in terms of capital appreciation and its dividend payout has decreased compared to Singtel’s heydays. Best to look at other companies.
  • Tradehub
    2022-03-03
    Tradehub
    Humm…why waste time on SGX listed stocks. Especially Singtel. It is a deadend stock. Cheap does noy mean good. I rather invest in US stocks or ETF like $SPDR Portfolio S&P 500 ETF(SPLG)$
  • ShareShare
    2022-03-04
    ShareShare
    I agree with McCoy's comment. Unless the price dip further to 2.2 plus, otherwise I rather wait and see.
  • EricVaughan
    2022-03-01
    EricVaughan
    Do you think the market has risen recently? It seems that the share price has a rising trend.
  • ElsieDewey
    2022-03-01
    ElsieDewey
    Thank you for sharing. You have given very clear data! This is very helpful!
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