13th November, 2016, 1:50 PM
Singpost Nov 2016
Singpost Nov 2016

Singpost, recently ran up with good news about strengthening collaboration with Alibaba

but it gave a set of not so good results shortly after and that sent its price diving down back to $1.50 which is at our horizontal support and also the 50ma. There was an increase in the volume on friday with the sell down. So if the support of 1.50 doesn’t hold then we might see singpost heading down to $1.45 first then maybe even $1.40. But if $1.50 holds then we could see a rebound in sight. We are more downside bias



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