Monday, August 22, 2016

SingPost: Hovering dangerously below 1.40... price 1.395

From previous call, we have seen Singpost rebound from the 1.40 level back to above 1.55 only to be met with more selling.

It is now back to the 1.40 support level which it has tested previously.

But this time, it did break through.

Note that any selling down below 1.385 – 1.39 can see selling coming back again to take it lower towards 1.30 which was the support in February this year.

Indicators still weak and downtrend intact especially if 1.40 is a resistance now.

Fyi - My graduates and I had a 1GT Bearish Entry signal on 20 July 2016, a month ago (see below chart) and down it went after a few days.

Still NO EXITS here, just sharing…..

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Recent Email:

Sent: Tuesday, June 28, 2016 9:37 AM
Subject: *********** SingPost: May head towards 1.40 next support level, price 1.42

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