Telcos calling investors

MDR (1.7 cents) - Consolidation sets in

- Prices are likely to be rangebound for a few weeks

- Support has been established at 1.6 cents

M1($2.89) - Ripe for correction

- This counter has the greatest relative strength among the three telcos.

- Uptrend remains intact but probability of a correction is high

- Support appears at $2.89

STARHUB ($4.43) - Consolidates gains

- Prices are attempting to clear resistance

- Some form of consolidation is imminent

- Support appears at $4.18

SINGAPORE TELECOMMUNICATIONS ($3.60) - Temporary retreat underway

- Prices are struggling to maintain break above resistance

- Indicators suggest that prices should rebound

- Support appears at $3.51

- Breakout level remains at $3.60 and a successful break indicates upside of $3.80

NERATEL (66.5 cents) - Facing resistance

- Prices may have made a short term peak at 69.5 cents

- Short term downside is limited with support at 65 cents

- Breakdown is more likely in medium term

PACIFIC CENTURY REGIONAL DEVELOPMENTS (20.5 cents) - Attempts breakout

- Prices are attempting to break above 21.5 cents level

- Successful break indicates target of 27 cents

- Support is at 20.5 cents

(Source:  TheEdgeSingapore April 15, 2013)