Thoughts on SingTel?
Hola guys! I'm shorting $Singtel(Z74.SG$ Let me know what you think!
With the recent trendline breakout and how price is moving below the ichimoku cloud, I'm pretty bias for a bearish move from 2.36 where the 23.6% Fibonacci retracement and horizontal overlap resistance is to 2.21 where the 127.2% Fibonacci extension area and swing low support aligns. My stop loss would be at the next swing high at 2.48 in line with the 61.8% Fibonacci retracement.
Entry:2.36![]()
Take Profit:2.21![]()
Stop Loss:2.48![]()
$Singtel 5xShortSG230713(DKMW.SG$
$Singtel 5xLongSG231214(DBYW.SG$
With the recent trendline breakout and how price is moving below the ichimoku cloud, I'm pretty bias for a bearish move from 2.36 where the 23.6% Fibonacci retracement and horizontal overlap resistance is to 2.21 where the 127.2% Fibonacci extension area and swing low support aligns. My stop loss would be at the next swing high at 2.48 in line with the 61.8% Fibonacci retracement.
Entry:2.36
Take Profit:2.21
Stop Loss:2.48
$Singtel 5xShortSG230713(DKMW.SG$
$Singtel 5xLongSG231214(DBYW.SG$
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I DUN KNOW : It turns out that your analysis is wrong.
ATS A trade sniper : ok, wat u results after shorting ?