Tuesday, March 15, 2016

Singpost: Can the temp 1.65 resistance clear out?

Now at 1.64, call still good to go as mentioned yesterday? Watching !

Sent: Monday, March 14, 2016 9:54 AM
Subject: **************** Singpost: Breakout above 1.62 can see momentum coming back, price 1.625
From previous call, we have seen Singpost consolidate with some profit taking below the 1.62 temp resistance level. Today, we are seeing a move again as it attempts to break above the 1.62 level, more price action confirmation required. VOLUME building up, any clearing of 1.625 – 1.63 can be a positive with target to 1.70 then 1.76. Stop loss at 1.59 for any long positions. MACD still trending upwards firmly with more legs to the rally….

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