SingPost today experienced a heavy selling down from the price of 1.625 to a low of 1.56 and couple with High volume this is generally rather negative.
The current price of 1.57 is hovering below the SMA lines which is generally rather bearish.
Also both Macd & Rsi are trending downwards which may provide further indication that the share price may continue to trend lower.
Short term wise we may expect to see the share price continue to trend lower to re-visit 1.485. Breaking down of 1.485 with high volume that may see it share price heading lower towards 1.41.
(trade base on your own decision)
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