Practice Makes Perfect
SPSETIA - Panic Selling?!
Chin Kok Tan
Publish date: Mon, 18 Jul 2011, 09:15 PM
Chin Kok Tan
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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.
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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....
