Friday, September 11, 2020

Singtel - Sink To Tell You Not To Buy

Singtel already Sink to Tell you not to buy.  Its started sinking since July 2017 (more than 3 years already) and is very likely to continue sinking even with 5G as it had no pricing power.

Reason:

1) Telco market too competitive as too many players such as TPG $10 for 50GB data etc.
2) Last time can earn from SMS, IDD but now people use WhatApps, Viber etc.



Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

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