ABOUT

I am a remisier with a local Singapore stock broking house. This blog was set up as a personal endeavour for all stock investors to share their knowledge on stock investment, be it on Fundamental Analysis (FA) or Technical Analysis (TA). The combination of this knowledge would be FATA (发达）, which means to prosper in Mandarin.
It is my sincere wish that members will benefit from this sharing of knowledge and prosper. For many of us, we need to make our money work harder for us so that we can have sufficient for retirement. But at the same time, be careful about your investment. As Warren Buffet said: "Do not lose your capital".
DISCLAIMER: It is important to state here that this information sharing and discussion is purely for that purpose - sharing and discussion. This blog was started in good faith by the administrator, but all investors should take personal responsibility for their stock investment decision. Neither the administrator of this blog nor any of the contributors to this sharing/forum will be responsible for any loss that you may suffer as a result of your investment. You are advised to do your own research before making any investment decision. It is also important to state that inevitably, there will be stocks where the administrator and/or blog members would have an open position (or interest) in. This is inevitable as surely we would "put our money where our mouth is". In no way does it mean that we are soliciting your support to "pump up" the stocks as it is totally your choice whether to trade that particular stock or not.

Tuesday, 23 September 2014

SINGPOST

SingPost has been undergoing consolidation since mid July till now, between a range of 1.725 to 1.77. Today, it appeared to be trying to break out upwards with heavy volume, with the volume about 4 times the 50 day moving average. The traded price range today is 1.745 to 1.810, closing at 1.785. The MACD histogram showed a solid green today. MACD signal line is up and RSI is also up. If tomorrow it still shows up, then it could be a signal to buy for further upward breakout. Keep a close watch tomorrow.
Stock is currently trading at about PE of 26.6, and historical dividend yield of 3.1%.
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2 comments:

  1. Meow-Two-Cents24 September 2014 at 09:45

    SingPost break out this morning!
    Price now is $1.825, up from yesterday's close of $1.785.

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  2. Meow-Two-Cents25 September 2014 at 23:12

    After its breakout from its 1.77 resistance two days ago, SingPost hit a high of 1.83 yesterday. Today, it closed at 1.81 and formed a Doji candlestick, i.e. the market is indecisive about the direction of this stock. With its historical PE now almost 27, market has to feel that SingPost can deliever results for this coming quarter's reporting before it will be willing to push up this stock further. Or is the last few day's breakout a forward indication of better things to come, just like the March 26 breakout prior to the May 29 announcement of the Alibaba deal?

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