$Singtel(Z74.SG)
Context:Singtel is testing another platform breakout on the technical chart. The last two attempts failed, keeping it locked in a tight consolidation range. Will the third time finally be the charm?
Action:sale half my position of z74
Why:I’m remaining cautious despite today‘s STI rally—the actual driver behind the move feels pretty unclear.
My main hesitation? Singapore’s big bank stocks are teetering right on the edge of a daily MACD bearish divergence.
If the banks trigger a technical pullback, it‘s hard for the market to keep climbing. Are you buying this Singtel breakout or waiting on the sidelines?
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
