Probably either sentiment or manipulation? Dunno.

Also for their recent expenditure for expansion into real estate, lower aggregate earnings for the quarter is expected if I'm not mistaken. Still sold off; just like pure rumours of taper caused it to sell off one day.

Direction for now negative, wait for another sign. Dark Cloud Cover pattern on 4th plus two shooting stars on 5th and 6th.

Midst of 2nd Elliot wave up. Super strong S/R line at 1.73, then in 1.64 region, and then 1.56.

Hap Seng intrinsic value is about 3.59 assuming 5% growth in EPS for 10 years (discounted cash flow). Out of funds to switch back though.

Broke 1.63 major resistance. Next major line is the 1.74 to 1.76 region, with final resistance at 1.8

The discussion makes a lot of sense, but I remain cautious because even while plugging in only their short-term debt, with a generous 75% growth rate for 3 years and 15% for the next 7, the intrinsic value comes to 65 cents. Their balance sheet looks very healthy with ample cash and little debt. But the cash flow statement also looks dodgy, to me at least. I also want to know why a company with 93.8m in cash wants to borrow 5.2m.

Well if you really want to be loose about your definition of "support", there's another one on the meeting line of the 17/10/2013 inverse hammer candle at 2.38. Either way we should wait for a reversal if any to reenter. I tried to do a trade on the dip but forgot the Black Crows. Will have to CL for now.

Another mistake to learn from.

Long overdue correction after a bull run. Key supports at 2.44 and 2.32.
Just the past few trading days was a Three Black Crows signal.
Let's see today's candle.