SingTel (technical)

SingTel: at $4.09, SingTel shares have climbed back to a multi-year high, on par with the Oct '07 peak. While the ~$4.10 level represents a psychological resistance level, the strong upward trend that began since Nov '12, coupled with the steadily rising indicators and moving averages, suggests the SingTel could continue powering its way to new highs. See near term support at ~$3.90, where the stock consolidated in mid-Apr to early-May .