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Singapore Post ST: the downside prevails as long as 1.31 is resistance
Trading Central | 2017-08-23 22:23:00

Alternative scenario: the upside breakout of 1.31 would call for 1.34 and 1.36.

Our pivot point is at 1.31.

Our preference: the downside prevails as long as 1.31 is resistance.

Alternative scenario: above 1.31, look for 1.34 and 1.36.

Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day MA (respectively at 1.29 and 1.32). Singapore Post is currently trading near its 52 week low at 1.23 reached on 05/06/17.

Supports and resistances:
1.36 **
1.34 *
1.31 **
1.3
1.28 (SGD-last)
1.21
1.19 **
1.17 *
1.16 **

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