Friday 6 June 2014

Singapore Stock Tip: We think that Singpost may have consolidated enough, still got room to run!

Dear Friends,

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!)"

Last article:

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)

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