All You Need To Know About Institutions Buying Singtel Z74 with up to 12% Return Today!
Hello guys!
And here is why:
1.) On the Daily chart, the price has been in an ascending channel since the beginning of November 2020 to date
2.) Price is now testing a key level at 2.60 where the 38.2% Fibonacci line is.
3.) There might be some potential pullback to catch the bullish momentum with a potential buy entry but if bullish momentum continues, we're looking for the price to go further up to the 2.92 level where the golden 68.2% Fibonacci line is.
4.) With multiple institutions having a buy target price on Singtel such as
CIMB: 3.240
Maybank Research: 3.150
OCBC Investment2.980
Philip Securities: 3.050
RHB Invest: 3.550
UOB Kay Hian: 2.900
These institutions'' buy target price add confluence to my target of the 2.90 level.
Does anyone have a similar bullish view? Let's make some money!
Trade Entry recommendations:
Buy Entry: 2.60
Take Profit: 2.92
Stop Loss: 2.45
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