Dividend Investors would have been watching M1’s recent weakness. I have said a lot in the past about my preference for Starhub and Singtel but M1 have consolidated pretty well.
6% yield doesn’t look that bad, that is if you still like its lack of pay TV initiatives and market share.
Could this be the point where it falls off the cliff? I thought its good buying opportunity.
As usual, monitor and wait for the price to break out.
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Drizzt
Monday 13th of February 2012
the moving average and 2.40 price provides strong support. i still think u are right.
Hyruga
Sunday 12th of February 2012
Towards the end of curve, whenever the day is red, the volume is high. But when the day ends green, the volume is low.
Also from a TA point of view, its never really wise to enter at such a high price. Its best to wait till market drop in general.
Hyruga
Sunday 12th of February 2012
Turning point.
Drizzt
Sunday 12th of February 2012
why do you say that Hyruga?
Drizzt
Sunday 12th of February 2012
well you basically get to buy at a lower price.
donmihaihai
Sunday 12th of February 2012
Yield of 5.5% to 6% and price of $2.6 to $2.4.
What is the diff?