SingPost - Potential Breakout
Singapore Post ( S08 ) - Attempted to breakout from a trading zone today with reasonably high volume. Unfortunately, it has failed to close above the last significant high at $1.795 so ended up as a false breakout. In order to constitute a valid breakout, a decisive close above the congestion zone with high volume is required. Once a breakout is successful, we may expect 20 ~ 30 cents of upside potential.
Labels: Stock Pick
posted by Market Wizards @ September 23, 2014
Comments: 0
