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.
Starhub is currently trading within an up trend channel in a slow and steady way. Not very exciting in term of capital gain but this chart pattern gives an indication when is a good entry point if I am planning to buy StarHub for the quarterly dividend. A good entry point is near the channel support.
Yanlord looks like getting into a consolidation mode and moving sideway, after the recent breakdown from a Mini Double Tops formation.
Yanlord may be forming a Bearish Rectangle in a Down Trend, with trading range between $1.70 and $1.56. Breaking down from this rectangle pattern will send Yanlord share price to about $1.40 which is 61.8% Fibonacci Retracement Level and also the estimated breakdown target price.
