Shorting Singtel?

Forexbae
2022-06-13

Hey everyone!

 Anyone looking at $SINGTEL(Z74.SI)$ ?

Im looking to get in on a short position after from the horizontal pullback resistance at 2.58 in line with the 23.6% Fibonacci retracement to my take profit at 2.32 in line with the 78.6% Fib retracement level and horizontal swing low support. Altertively, price may break structure and head for my stop loss at the 50% Fib retracement level.

 Entry: 2.58

Take profit:2.32

Stop loss: 2.68

$Singtel 5xShortSG230713(DKMW.SI)$ 

$Singtel 5xLongSG231214(DBYW.SI)$ 

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Comments

  • jaesim
    2022-06-13
    jaesim
    I believe most of the net institutional investors already purged all of their remaining Sinktel after results release. my guess next is waiting 2.00 to get in.
  • WendyDelia
    2022-06-14
    WendyDelia
    Well it's a good stock, but not a good time to invest now.
  • ChrisColeman
    2022-06-14
    ChrisColeman
    Well you can try, not long for it though.
  • JuliusGoldsmith
    2022-06-14
    JuliusGoldsmith
    Haha Fascinating game of shorting ⚽
  • Gloria112
    2022-06-14
    Gloria112
    Next long opportunity at 2 maybe.
  • Sohtheworld
    2022-06-14
    Sohtheworld
    Ok
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