Singtel Ltd (SGX: M04) bearish trend will likely continue despite the strong move on the 20th of November 2019 due to the technicals :
Note
* Timeline of the trade should be between 1-3 weeks from the date of the report.
* Should the major resistance be broken at 3.37, the recommendation will be invalidated.
CHART LEGENDS
Simple moving average
Red dotted line = 200 SMA
Blue dotted line = 50 SMA
Green dotted line = 22 SMA
Wei Ren specialises in Technical Analysis and has 9 years of experience in studying classic technical price action. He also study and research extensively on Elliott wave theory, Dow Theory and Supply & Demand strategies as he believes that history plays an important role in how the market is reflected in the future.
He graduated with a Bachelor of Economics and Finance from University of Murdoch.