Thoughts on Singtel?
On the H4, with prices moving within an ascending channel and bouncing off the ichimoku indicator, we have a bullish bias that prices will rise to buy entry at 2.68 where the swing high resistance is. Once there is upside confirmation of price breaking buy entry structure, we would expect bullish momentum to carry price to take profit at 2.76 where the swing high resistance is. Alternatively, price could drop to stop loss at 2.59 in line with swing low support and 38.2% fibonacci retracement.
Entry: 2.68
Take Profit: 2.76
Stop Loss: 2.59
$Singtel 5xShortSG230713 (DKMW.SG)$
$Singtel 5xLongSG231214 (DBYW.SG)$
Entry: 2.68
Take Profit: 2.76
Stop Loss: 2.59
$Singtel 5xShortSG230713 (DKMW.SG)$
$Singtel 5xLongSG231214 (DBYW.SG)$
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