The chart clearly looks like it has been trending up steadily for the past 1 year. You can draw a straight line connecting the lows and there you have your support. SingPost has been fluctuating in a narrow range from 1.25 to 1.32 since June this year. So I set an alert for 1.33. I reckon a breakout from this narrow range should see it going for 1.39 thereabouts. Hence my first target. I was alerted this morning and set up the trade in 5 minutes and proceeded to buy it at 1.33.
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