analyst 2 Mar 20

Singpost – grossly oversold; closes at prices last seen in May 2009! (2 Mar 2020)

Dear all, It has been an extremely busy and hectic period with the U.S. indices clocking in their largest record weekly percentage drop last week. This week, Singpost caught my attention. Singpost has fallen 17.4% from its intraday high of $0.950 on 3 Jan 2020 to close at $0.785 today which is the lowest close since 5 May 2009. RSI closes at a grossly oversold level 10.7, almost at an all-time low last seen in June 2003. Why does it attract my attention? Read on for more.   Chart – Seems to indicate selling pressures may ease in the near […]

Singpost chart as of 9 May 17

Chart alerts for ISOTeam and Singpost (9 May 17)

Two charts have caught my attention, one potentially bullish (Singpost) and the other one potentially bearish (ISOTeam). Below are my personal views.   1. ISOTeam – hanging near critical support Based on Chart 1 below, ISOTeam has been trading in an approximately 10 month range $0.370 – 0.430 since Jul 2016. Most exponential moving averages (“EMAs”) such as 20D, 50D and 100D are sliding and compressing. This compression is usually unsustainable over the long term and may signify a possible significant price movement. ADX closed at 24. Although the directional indicators (“DIs”) are positively placed, +DI is turning downwards quite […]