Money Sense


Thursday, May 29, 2008

29th May Quick Updates

29th May
1. SingTel buy at $3.67, high at $3.72, +1.36%
(MACD crossover with heavy volume, RSI very undersold, stochastic climbing)

61.8% retracement at $3.651
50% retracement at $3.76
38.2% retracement at $3.869
23.6% retracement at $4.003

1st Target: $3.86
2nd Target: $4.00
Cut-Loss: $3.64

Give allowance of 3 to 5 bids.