Has hit target at 1.50 as mentioned earlier, support would be at 1.50 strongly now, can head to 1.60 after some consolidation in view of the huge surge so far.
Congrats to CLIENTS who were informed even before the breakout of 1.40 !!! J
Sent: Friday, April 25, 2014 4:32 PM
Subject: ****************** Singpost: Potential Breakout play !!!! When will this 1.40 resistance clear ?
Subject: ****************** Singpost: Potential Breakout play !!!! When will this 1.40 resistance clear ?
Singpost has finally neared the Critical resistance at 1.40 which it has formed in May last year. Has been trading gradually upwards since Aug last year forming higher lows along the way. Potential Upside if the 1.40 sellers gets cleared out, look at the seller stacked at that level at the moment, if that get taken out, poised for more upside to target at 1.50 first. Long term uptrend very much intact as has been trading above 200 DAY MA since May 2012. Also a good defensive counter to hold in your stock portfolio……
Stop loss at 1.385 on breakout.
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