Investors take shelter in resilient telco stocks amid escalating market turmoil. http://sbr.com.sg/telecom-internet/in-focus/investors-take-shelter-in-resilient-telco-stocks-amid-escalating-market-tu
Technically, M1 broke the $2.60 resistance level and closed day's high at $2.69 with high volume. Importantly it also closed above the 200-day Moving Average.
There can be more upside if it can break the $2.70 level which it failed to do so on 28 March 2016.
The next resistance is at $2.73 and $2.76 levels. Support is at $$2.60 and $2.55 levels.
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