SingTel: CIMB technical analysis tips at Sell, saying its technical landscape is looking gloomy as indicators turn negative. Notes, the stock formed a very large bearish wedge pattern and prices are now trading below its wedge support. Tips traders would likely be better off selling now with a buy stop above $3.15. Says, a break below $3.05-3.06, its 200-day simple moving average, would suggest that the trend has changed, targeting $2.92 and $2.76 next.
Tips resistance at $3.20, followed by $3.26.
The stock is up 0.7% at $3.10.
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