So, my sharing here is purely from TA view, and particularly from ABC Wave Pattern analysis.
As some of you who have read my postings, the simple ABC formula as follows:
C.min = A.high – A.low + B.low
C.max = 2 x (A.high – A.low) + B.low
See the chart and the ABC waves I’ve drawn on them.
Then you judge yourself whether Singpost’s price can go *much* higher or not, or it requires consolidation, or correction…
If you are the one who bought the stock, say at $1, from psychology point of view and investment point of views:
1. You can say that you will keep it forever for dividend income (passive income).
2. You can use this strategy as well: sell half of ...
...First of all, I have not read SingPost’s fundamentals, and I have no position on the stock.