Practice Makes Perfect
MAHSING - Heading South to Next Support Level
Chin Kok Tan
Publish date: Mon, 18 Jul 2011, 08:49 PM
Chin Kok Tan
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CK>> Share price dropped sharply for the pass two trading days. But volume remains relatively low. It represents there was actually no panic selling during these two days for MahSing. But why the share price was dropping?
The in-correlationship between share price and volume could be a sign for rebound in the next couple of days. Bargain hunting could potentially happen as investors are accumulating during weakness in share price.
Next support level fall at 2.29, which is previous low @ early March 2011. This level of support also near its 200d MA line~
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