What you need to know about Singapore telcos' stocks

Find out what Maybank Kim Eng thinks of the stocks of SingTel, Starhub, and M1.

Kim Eng noted:

SingTel:

Key levels
Resistance 2: $3.50
Resistance 1: $3.30
Support 1: $2.80
Support 2: $2.45
The stock has been moving sideways between $3.30 and $2.80. The overall trend is rather directionless in the weekly chart as defined by the 100- and 200-day EMA. A break of either the immediate support or resistance is needed to confirm that the stock is back into a directional trend. 

Starhub:

Key levels
Resistance 2: $3.15
Resistance 1: $2.95
Support 1: $2.70
Support 2: $2.50
The stock has so far swung between $2.95 and $2.70 in a rather tight range. Candlesticks are trying hard to
advance above the $2.95/3.00 level and a break above this area could mean more buying ahead. The $2.70 support level should attract buyers if the price pulls back. Momentum is still positive with RSI staying above the neutral level. 

M1:

Key levels
Resistance 2: $2.90
Resistance 1: $2.70
Support 1: $2.30
Support 2: $2.00
The stock is falling from its peak of $2.70 (52-week high), signalling a brief pause of the bullish trend.  Candlesticks are holding well above the key moving averages, suggesting the positive momentum is still intact. Watch the $2.30 (100-day EMA) support level as breaching below it would signal a possible trend reversal. 

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