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Thursday, January 28, 2016

Singapore Post

SingPost - 28th January 2016

SingPost has again experienced another round of heavy selling down from yesterday closing price of $1.39 to closed 9 cents lower at $1.30. The volume is super high as indicated by the RED bar with 31.05m shares changing hand. It is overdue for a technical rebound after this major selling down effect.



On 6th January 2016 we can notice the same similar heavy selling down from the high of $1.59 and closed 8 cents lower at $1.51 with super high volume of 31m of shares changing hand. The next few day trading are trending higher after this major selling down.

Same pattern may happen again after this major selling down today. If this rebound is not strong enough to reverse this downtrend then perhaps it may move down again to re-test $1.28 in extension to $1.20 then $1.10.


(trade base on your own decision)

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