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Thursday, 15 December 2016

Singpost Movement Update

TA view for illustration purpose only.

After hitting high of 1.65 (upon Alibaba stake increase announcement), Singpost corrects down and hit as low as 1.43, reacting the poor 2QFY17 earnings. After that, it muted to market general movement and has been trading in the tight range of 1.46-1.48. It could be establishing an accumulation phase.

(source : Poems Historical Chart )



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