Singpost Rebounding Strong

I get mail; therefore I am. 
~ Scott Adams

Four days ago, Singpost erased all gains falling back to where it was during the Aug-Sept period. However, the last two days showed a strong rebound with price closing above the 14 day moving average today.

The OBV, RSI, Parabolic P&S indicators have all turned up today. Stochastics have advanced higher but have not reached overbought levels while the MACD is giving a strong buy signal as well, both by cutting the signal line as well as by heading back to positive territory. This probably caused a lot of people to buy in today. MFI and the ADX dipped a little though but this doesn't look like it'll cause any fallbacks on the price. Furthermore, the -DI is starting to dip downwards, looking likely to cross the +DI indicating that there could be more buying in store. However, with the ADX hovering around 20, this shows that there isn't a strong uptrend just yet leaving a little room for uncertainty. There should probably be clearer signals tomorrow in this area but you could start nibbling if you've been eyeing this stock. 

Personally I had expected prices to bounce back by early next week. Didn't expect the strong price bounce today. With a yield of 5.3% and not much volatility in price, Singpost is best thought of as an income stock. Do not expect to make mega-bucks on this one but it certainly looks like it will go higher.

~K


Edit: As pointed out by JW, Singpost does look like it's in a downtrend. (Thanks JW! =) Sorry everyone else for the misleading title & analysis. Am still learning.) To break out of the channel, prices must close above $1.19.