Singtel – [ Sank? Did You See Our Previous Post?]
Chart Source:Poemsview 8th Aug 2019
Singtel just released its results today and its Q1 profit hits a 16 year low on Airtel losses and higher costs. As profits were lower so did the stock price.
Did you see our previous post just 2 weeks back.ย We drew that uptrend line back in July where Singtel broke which was a sign of weakness. After that it gapped down due to XD of 0.107 which brought the price down to $3.34. After Singtel went Xd it tried to recover but couldn’t climb up and followed the general market down. After releasing its results, it took a further dive to $3.22.
Singtel is currently at a support and failing to hold might see it move down to our next support level.
Want to know how to take advantage of such downside?
Then come 20Aug (Tuesday) we’ll be sharing how you can use CFD to short and ride such downside instead of bottom picking.
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Weโll see you there!
Yours
Humbly
Kelwin&Roy
