Friday, January 22, 2016

SingPost

Update :  Singapore Post - 27th January 2016

Today we have witnessed the free fall of the price from the high of $1.465 and closed lower at $1.39. The volume is also quite high.This is super bearish.

Short term wise it may be due for a technical rebound as the prices has been driven into an oversold territories.


It is still on a downtrend mode and even if a technical rebound may happen it is still being geared towards down side.
Further breaking down of $1.38 may likely see the share price head lower towards $1.30 with extension to $1.25.

At $1.25(yield about 5.6%) Fair value may set in and hopefully we may see more people coming in to accumulate to stabilize the price from falling further.

(trade base on your own decision)


Update : Singapore Post - 26th January 2016

SingPost has again went down to touch $1.45 and closed at $1.455 today, this is generally rather negative.

Looks like $1.45 may not be able to hold much longer. MACD are still pointing downwards which may be a tell tale sign the the price may continue to head lower.
Breaking down of $1.45 may see it trend lower towards $1.40 then $1.305.
(trade base on your own decision)



Singapore Post - 23rd January 2016

SingPost has continued to drop further as reflected on the chart with the current price of $1.48 staying way below both 14SMA & 25SMA lines. This is generally very negative.

From the chart you can notice that they were several points where the breaking down occurred as being drawn with the Orange lines marking. Many breaking downs had been driving the share price to head further South. With both the SMA lines trending in a nice and orderly manner direction together with the falling prices , this is viewed as super bearish.



The current downtrend mode so far has yet to show any sign of reversal/U-turn.It has tried to do a counter trend reversal as reflected with the Purple line marking but failed and dropped down on the next Long Black candle stick.  Looks like it may continue to trend lower. Remember to follow the trend, the trend is your friend. Going against the trend may end up heading with the wrong direction and a big hole in your pockets.

Since the current situation is being driven into an oversold territories , a technical rebound may happen anytime. Any rebound will be a good options /opportunities to consider to exit or minimize loss.

If the rebound is not strong enough , it may fail and eventually will be re-testing the low of $1.45 and breaking down may see it head lower towards $1.40 and below.
( trade base on your own decision)

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