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I'm a Singaporean. The purpose for all my blogs is to share my life experiences in Singapore.

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Don't attempt to try these even you are an expert
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This is the method I use when buying stocks
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Protect them at all costs
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Know your own limits and rules of the game.

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S&P(2007 to 2009) VS NIKKEI (1990 to 1992)
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Wednesday, May 12, 2010

SingPost Technical Analysis (12 May 10)

See it for yourself and make your own judgement.

Support/Resistance:
Major resistance will be at $1.17 and it seems that it is going to test it.

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

My Target Price:
My target sell price will be $1.17. I am looking to sell all my holdings at $1.17. However if it falls to $1.01, I will be buying a few lots.

Please note that I am using TA to position myself for long term investing and not to predict the direction of the market.
Posted by Freedom Achiever at 8:31 PM

2 comments:

Unknown said...

Hi, am currently considering buying singpost shares n am thinking if it's ok to get now.

what's your view?

thank you.

regards,
lm

May 18, 2010 at 9:22 PM
Freedom Achiever said...

Hi Karen,

It will be a good buy if it can drop to less than $1.10.

Regards,
Freedom Achiever

May 20, 2010 at 10:46 PM

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