03 Nov '16, 1am

Is this stock rebounding next?: I last blogged about M1 stock in this blog post . M1 stock has since reached an…

I last blogged about M1 stock in this blog post . M1 stock has since reached an intra-day low of $2.02 and on 1 Nov 2016, M1 stock rallied by a good 3.9% and yesterday, M1 stock closed at $2.10. This might lead to investors to wonder whether M1 stock is reversing from a bottom. From the technical point of view, the five-days-moving average of M1 stock is rising, the RSI is climbing out of the previously-oversold region; but pretty much it is to be seen whether this rebound of an oversold M1 is sustainable. We know that the coming of the fourth mobile operator might, according to many reports, poses some competition for M1, which is the smallest telecom player in Singapore. This is the reason why I will not touch telecom stocks. Another reason is that I would prefer to invest not in telecoms stocks as …

Full article: http://thefinance.sg/2016/11/03/is-this-stock-rebounding-...

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