Market Diary:
World Indices:

Tuesday, September 23, 2014

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.