Singtel

Singtel: Trading Central (Bloomberg) has a Technical Buy Alert. Note that the upside prevails as long as $3.16 is support.
RSI is trading above 70. This could mean that either the stock is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive and configuration is positive. Moreover, the stock is trading above both its 20 and 50 day MA (At 3.17 and 3.15). SingTel is currently trading near its 52 week high reached at $3.33. A breakdown of $3.16 would call for $3.08 and $3.04.

Note that Singtel will be giving out its dividends which goes Ex on 5th Aug. Grp will be giving out a final div of 9c/share and a special div of 10c/share (Total 19c/share or yield of 5.8%)