Monday, December 28, 2015

SingPost: Downside indeed seen with it nearing our 1.60 target last week before a rebound today......

Price 1.63, will this support breakdown eventually?

Sent: Thursday, 17 December, 2015 5:18 PM
Subject: ************** SingpPost: Breakdown below 1.68 support level, cautious long..... CFD SELL.... PRICE 1.665
SingPost has broken below the 1.68 support level that it has held above since September. Had rebounded from that level and finally a retracement  back down again. MACD still below the zero mark and heading lower where we can see more selling momentum if it stays below the 1.68 – 1.70 new resistance now. Target to 1.60 possible in the short term with this move.

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