Wednesday, January 6, 2016

SingPost: A BREAKDOWN as Mentioned ???? NOW AT 1.575 !!!

Oooops, NEW LOW again as it crosses below 1.60!!! More weakness still?

Sent: Monday, December 28, 2015 12:23 PM
Subject: ************* SingPost: Some support at 1.60 for now, more weakness below, price 1.63
From previous sell call, we have indeed seen some weakness with it nearing the 1.60 support last week. May consolidate from 1.60 to 1.66 for now before more direction. Note that there can be more downside if the 1.60 support breaks down further. As long as 1.66 is a immediate resistance, we are short term bearish. Today, we have seen a temp rebound from the 1.60 support level but it may experience some selling pressure near 1.66.

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