Practice Makes Perfect
SPSETIA - Panic Selling?!
Chin Kok Tan
Publish date: Mon, 18 Jul 2011, 09:15 PM
Chin Kok Tan
0 240
Welcome to CK's Mergers & Acquisitions Theme Park - The BEST Has Yet to Come!
CK>> Same as other property sector, SPSETIA was falling sharply in the past two trading days. One of the reasons could potentially due to the downgrade of Property Sector as per CLSA Asia Pacific Markets reports released on last Friday. (http://www.theedgemalaysia.com/in-the-financial-daily/189760-property-outlook-turns-cautious.html)
Next support level would be 200d MA line @ around 3.65, followed by previous low at 3.44. Any breakdown of these two supports will lead to panic selling and free fall of share price.
RSI at 19%, oversold region. Catching a falling knife? Let's wait for sign of reversal in candlestick before making a position.
More articles on Practice Makes Perfect
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Introducing MY's First IPO Fund for Sophisticated Investors!
New Update. Discover investment communities that resonate with your ideas
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
Apps
Top Articles
1
2
THE INVESTMENT APPROACH OF CALVIN TAN
3
TA Sector Research
4
MQ Market Updates
5
PublicInvest Research
6
7
M+ Online Research Articles
8
BFM Podcast
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
