SingPost

Update - 19th January 2016

SingPost is still rather weak as reflected from the chart. Today it has again went down to touch $1.485 the previous low. It will definitely need to move up and cross over $1.595 in order to reverse this downtrend. If not, more likely it may go down to re-test $1.485. Breaking down of $1.485 may see it prices trend lower towards $1.40 soon.

Update - 16th January 2016

SingPost seems to be gaining strength to try and move out of the down trend mode.
As reflected from the chart it is showing sign of resilience / consolidation pattern .
Both MACD & RSI are showing sign of positive divergence which may have a slight higher chance for its price to cross over $1.60 and hopefully strong enough to cross over $1.64 that may reverse this downtrend .

If price later dropped below $1.505 then perhaps the downtrend will continue to head lower towards $1.40 .

Update - 8th January

SingPost is still looking rather bearish from TA point of view. It is still on a downtrend mode as reflected on the chart with both 14SMA & 25SMA lines pointing downwards.

Also both MACD & RSI are still trending downwards which may not bode well for the stock price going forward.No sign of a recovery/reversal yet.

It seems like $1.505 support level may not hold long.
A Breaking down of $1.505 may see further selling down towards $1.45 then $1.40.

EPS of about 8 cents. PE of 19.06 times($1.525) is still not quite an attractive to accumulate.

Perhaps $1.40 to $1.42 about PE 17.75 times may be a reasonable price to consider for Long.

SingPost single largest shareholder is Alibaba, which paid about $312.5 million or $1.42 per share for a 10.35 % stake in 2014.

(trade/invest base on your own decision)

N.B.

quote from BT dated 8th January - Invesco, BlackRock cut SingPost stakes amid mysterious share plunge.





SingPost - 6th January 2016

SingPost experienced a big selling down today with a super high volume plus prices dropped more than 6% from $1.61 to close at $1.51. This is extremely negative.

The selling down from $1.935 on 27th Oct 2015 to close at current price of $1.51 has gone into oversold situation.

Short term can expect a Technical rebounce before setting the next direction going forward.

Hopefully $1.50 support level can hold if not we may see further selling pressure for the price to head further South towards $1.42 then $1.32.

(trade/invest base on your own decision)