Stock Chart: Singtel

Singtel show a sign of touching 200d MA which may act as an immediate support @ $3.65.

However the chart is too cloudy to show the next movement. I have indicated 3 different colors of arrow to show the possibility ways it will move around.

My advice; get a plan for this trade with a better Risk Reward Ratio:

1) Buy only if there is any sign of support showing @ $3.65

2) Sell only when break the support of $3.65 (break 200D MA)

3) Sell if resistance successfully to block @ $3.77 and when the first resistances break do a small sell averaging. (Average only when you are in the profit)

Take Note: SingTel (SGX Symbol: Z74) is now trading cum-dividend.