$Singtel(Z74.SG)
Context:
Held Singtel for a few months now. I missed trimming during the last run-up, but the price has surged back up to test the $4.50 resistance again.
Action:
Decided to play it safe and locked in profits on half my position today.
Why:
The broader index is sitting near elevated highs, but Singtel’s trading volume remains pretty thin. This sideways consolidation near the upper resistance band feels more like momentum fatigue than a clean, convincing breakout.
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.
