SingTel (technical)

SingTel: Counter is still trading within its mid-term downtrend which started in May 2013, which pose as the next resistance at $3.85. On the near term, SingTel may see some weakness with a sharp hook downwards on the Stochastics, as the counter tests its support levels at $3.69 (50 MA), followed by $3.60 (200MA).