Practice Makes Perfect
MAHSING - Panic Selling In Place!? Technical Rebound Soon?
Chin Kok Tan
Publish date: Tue, 19 Jul 2011, 11:52 PM
Chin Kok Tan
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Welcome to CK's Mergers & Acquisitions Theme Park - The BEST Has Yet to Come!
CK>> Share price dropped sharply today in tandem with a high spike in volume (it is a sign of panic selling)! But looking at the intra-day trade for MAHSING today, panic selling happened in the morning session. After market re-open at afternoon, it manages to attract some buying volume (due to bargain hunting) and share price manages to re-gain some lossing ground earlier (that's why you see a long tail at candlestick today).
RSI is extremely oversold now. Perhaps it is now a golden chance to accumulate (US and EURO market are in GREEN now) as its fundamental still intact from strong property sales support?
In technical point of view, it is still a falling knife and not worth to buy. But for long term investors, perhaps it is a good time to accumulate in weakness :)
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| Intraday Trade of MAHSING |
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CS Tan
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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....
