Tuesday, February 16, 2016

Singpost: Pushing higher after call issued..... heading towards 1.50?

Well, some buy ups seen on volume, raise stop loss along the way as overall trend still weak in the long term though as mentioned.... now at 1.42, let’s see....

Sent: Tuesday, 16 February, 2016 3:11 PM
Subject: ****************** Singpost: Might start to see some upwards momentum on a break above 1.40, price 1.405
Singpost has been consolidating below 1.40 for more than 2 weeks and today we have finally seen some strong buy up with this 1.40 psychological resistance clearing out too on above average volume. This level also coincides with the 2 day MA line so and move above can also signal short term uptrend. Target can be to 1.45 then 1.50 in the near term as long as 1.40 holds now. Stop loss can be at 1.385 for any long positions. Overall trend is still down in the mid to long term so good to take some profit and raise stop loss along the way.

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