February 20th, 2011 by Marubozu
Singapore Telecom (SingTel) broke the Neckline of a complicated Head and Shoulders Pattern at $3.04. The price target of this breakdown is at least $2.875 or below. Take note that SingTel has started the down trend as the stock is currently trading below 20D, 50D and 200D MA. Singtel has also broken the 61.8% Fibonacci Support at about $3.00. Bear is clearly in charge in this SingTel stock chart for the time being.
December 16th, 2010 by Marubozu
PE ratio and Dividend Yield comparison for SingTel, StarHub and M1.
SingTel Chart
Head and Shoulders formation for SingTel stock chart, currently SingTel is testing the neckline at about $3.08 which is also a 78.6% Fibonacci Support Level. Breaking down this neckline with huge volume with confirm the pattern and may send SingTel to the price target of $2.83.
StarHub Chart
StarHub is currently testing the uptrend support at around $2.62 (also 50D MA support) to $2.65 (78.6% Fibonacci Support). Breaking these support levels indicate the end of up trend.
M1 Chart
M1 is trading at 5 years high. Although the chart still shows the uptrend but M1 is closing to the next 138.2% Fibonacci Resistance at about $2.413. Uptrend support is at about $2.274.
In summary
Upside potential (for capital gain) are limited for SingTel, StarHub and M1 base on PE ratio comparison and chart patterns. Dividend yields are still attractive at current stock price.
June 6th, 2010 by Marubozu
SingTel is currently forming a Wedge pattern. The stock is not good for long term investing using “buy and hold” strategy because the chart is showing “lower high, lower low” pattern. However, it may be a nice candidate for short term trading where I can enter the trade near the wedge support and exit near the wedge resistance.
