Do you remember that we talked about this company, Singpost for a long time.
The last article we wrote about this company, we mentioned
"(Please note that the price is $1.69 today. For short term term, I don't think there is much upside. For long term play, my target is defintely above $2!)"
Recently indeed it drop from a high of $1.75 (after gapping up on the Alibaba news) to $1.605 lowest.
We do see a strong support between $1.55-$1.60, and see that the stock has a good chance of going up after this consolidation.
Now: $1.625 closing price on 6/6/14
Target1: $1.75 (Mid term)
Target2: $1.97-$2 (Long term)