Sunday, September 28, 2008


I anticipate a rebound in singtel shares.

Even though the green Parabolic SAR is going to touch, it looks too steep.. and hence might be a false indicator.
Even the MACD 568 looks like it is diverging too fast.
Also, generally singtel trades within the bollinger band, now its just outside the band, and together with the trend line, I expect it to have a rebound up to at least the center of the bollinger band before resuming its down trend.

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