SingTel (Z74), StarHub (CC3) and M1 (B2F)

Telco shares fell on 02 Sep 2016 amid bids for 4th player.
http://www.straitstimes.com/business/companies-markets/telco-shares-fall-amid-bids-for-4th-player

This could be a buying opportunity as SingTel, StarHub and M1 shares are defensive. They provide yield between 4.4% to 6.1%.
Should the bids for 4th telco are not successful, these stocks should stage a rebound.

Here are the technical analysis for the stocks.

SingTel (Z74) Technical Resistance: $3.89 and $3.97
SingTel (Z74) Technical Support : $3.84 and $3.75

StarHub (CC3) Technical Resistance: $3.51 and $3.55
StarHub (CC3) Technical Support: $3.47 and $3.43

M1 (B2F) Technical Resistance: $2.52 and $2.55.
M1 (B2F) Technical Support: $2.49 and $2.46.