Ever since Singpost reached our long term target of $2 ever since we issued a call to watch when it was $1.30, we have been waiting for this stock to retrace.
Check out our article to buy on 10th April 2014 when it was still $1.375.
http://www.danielloh.com/2014/04/singapore-long-term-stock-tip-singpost.html
To us, this is a fundamentally strong stock and has reached our long term target of $2 last year. Then it went up to $2.16 the recent high.
One of our graduates recently asked me where is a good zone to look at this stock again.
My reply is $1.75 - $1.82.
This is an accumulation zone where if it touched, there is a likelihood of a good rebound.
May still have chance to drop a bit more to reach our target. But rest assured that my eyes will be big and I would salivate when it is in this accumulation zone!
Rgds
Daniel
www.danielloh.com
