Singpost in potential descending triangle

Good day all,

Here is a post on Singpost, S08.SI.

I have been monitoring this counter for a few weeks already. I see a potential descending triangle in the making. By theory, this should mean looking for downside once the breakout is observed. I believe that upward breakouts are just as likely as well. So I will wait for a breakout – if there will be one. If no breakout ensues, then I will take this potential pattern off my chart.

All analyses, recommendations, discussions and other information herein are published for general information. Readers should not rely solely on the information published on this blog and should seek independent financial advice prior to making any investment decision. The publisher accepts no liability for any loss whatsoever arising from any use of the information published herein.

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