The STI Market is quite dismay this week. Looking at the STI weekly chart, the STI has fallen a little for the week. There is a last minute buying on the last day of the week. It seems that there is a positive sentiment for the week. But I think the quarter is coming to the close. It could be a slur of buying.
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| STI Chart for the week |
Let's have a reflection on how Singtel and Starhub perform this week. Let see the analyst forecast for these stocks.
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| Singtel Price Targets |
It is interesting to note the spike in Starhub on the start of the week and then lowering down and then spiking up again on the last week of the week. The volume is low compared to the previous weeks. It appears that most investors are concerned about the fall in dividends. Momentum looks like coming back this week and the RSI is pushing up to the mid levels. Probably, there is interest back in the stock.
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| Starhub Stock Price |
Lets zoom into this week into details
Singtel appears to follow the similar momentum like Starhub. Momentum and RSI are positive. There is selling pressure this week from a high.I think next week will test the lows again.
Please see disclaimer in the blog..
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