Friday, March 4, 2016

Singpost: Target hit at 1.60.... where to now ? now at 1.61

Can it stay above, if yes, then to where?

Sent: Thursday, March 03, 2016 9:30 AM
Subject: *********** Singpost: Breakout seen above 1.50 can offer more strength, price 1.525
Following up from previous call, we have seen a breakout above the KEY 1.50 PSYCHOLOGICAL resistance level today on strong volume. Has consolidated below it for about 2 weeks after the previous rally and today a breakout above on more than 2 times average volume. This can see more upside towards the 1.60 as mentioned previously. MACD has crossed above the zero mark too on this move which can see more momentum, as long as 1.50 holds as support now, short term bullish.

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