Shares & Derivatives
SingPost – Will you buy the stock at this price? I won’t, and if I’m wrong I am OK.
By Wealth Directions  •  January 30, 2015
First of all, I have not read SingPost’s fundamentals, and I have no position on the stock.
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 ...
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By Wealth Directions
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