Thoughts on Singtel?
On the H4, with prices moving above the ichimoku indicator and within an ascending channel, we have a bullish bias that price will rise to buy entry at 2.58 where the pullback resistance is. Once there is upside confirmation that price has broken buy entry, I would expect bullish momentum to carry price to take profit at 2.68 in line with 78.6% fibonacci projection, 50% fibonacci retracement, 78.6% fibonacci projection and pullback resistance.
Alternatively, price could drop to stop loss at 2.53 where the swing low support and 61.8% fibonacci retracement are.
Entry: 2.58 ![]()
Take Profit:2.68 ![]()
![Thoughts on Singtel?](https://sgsnsimg.moomoo.com/102268411/editor_image/32821600ede935c88299e85aa1985185.png/bigmoo)
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whqqq : It seems that it is also a good choice![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)