SingPost stock headed up 2.7% to $1.885 on 29 May 2015 after SingPost’s management announced that it will increase the dividends for this stock. I took a look at the chart of SingPost and have noted that currently the stock is trading below the “neck line” of a “Heads and Shoulders” formation. SingPost’s stock price went below this “neck line” on 28 April 2015 and thereafter SingPost’s stock price has declined to $1.83 on 27 May 2015 thereafter which it advanced with a high volume on 29 May 2015, on the date of the dividends announcement. Should SingPost’s stock price continues to advance, I think a resistance for SingPost is at $1.95, which signals a 6.5% capital appreciation from the $1.885 closing price on 29 May 2015. SingPost has been remaking itself, shifting away from the rather traditional business of mail to diversifying its ......