SingTel (technical)

SingTel: looks to be range bound in the near term, within the $3.50 to $3.80 zone (approximate troughs and peaks in June, which coincides with the 200day and 50day MA). Near term direction is a tough call , as the indicators are giving conflicting signals, with stochastics heading down, MACD rising, and RSI flat. Longer term technical uptrend remains intact, as the $3.50 support continues to hold up against the recent test.