Singpost Technical Analysis (9 Mar 10)

See it for yourself and make your own judgement.

Support/Resistance:
The graph seems to be follow the uptrend. If the uptrend continues, it may hit $1.17.

Indicators:
Looking at the MACD, RSI and Stochastic, the three indicators are very high. It is not a good buying opportunity.

My Target Price:
My target sell price will be $1.17. But I will sell half of my holdings @ $1.10 and the other half @ $1.15.

Please note that I am using TA to position myself for long term investing and not to predict the direction of the market.