SingPost after hitting the low of $1.285 on 28th Jan 2016 had been manged to edge up higher to close at $1.38 on 5th feb 2016. The current price is approaching the immediate resistance at $1.40.
Crossing over of $1.40 with good volume that may continue to drive the share price higher towards $1.465.
Both MACd & RSI are showing sign of positive divergence that may provide further indication that the share price may head higher to test $1.40 soon.
Let's keep our finger crossed and see if the price can cross over 1.40 and higher in order to reverse this downtrend.
If not later the price fall back to below $1.285 then it will be very bearish and may continue to trend lower to $1.20..
(trade base on your own decision)
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