17th May 2010 - Singtel

$2.9 is a very important resistance. In fact, today there were a lot of buy queues at this point to discourage the shorties because $2.9 also forms a triple bottom spanning from the Nov '09 to May '10 timeline, which indicates that perhaps this is the bottom for Singtel.

The triple bottom also forms a neckline for a potential, future H&S formation. With the strong 1Q 2010 financial results in view, Singtel might just rebound from here; wait for tomorrow's candle to confirm.